Fix the finances before the next emergency
The Swim Center closed in January 2024 because we deferred maintenance until the building became unsafe. Rescuing it is now a $24 million project. Our fire stations needed so much work that they became the largest line in the $400 million infrastructure bond voters just passed. And by the city's own count, that bond covers barely two thirds of more than $600 million in unfunded infrastructure needs.
The Bond Compliance Oversight Committee makes sure bond money goes where voters were promised, and that matters. But its job ends at the bond. Nobody owns the whole picture.
My first proposal will be a standing Finance Committee that reviews major expenditures and makes recommendations to staff and council before the vote, maintains a complete inventory of city assets with their maintenance and replacement costs, and recommends how reserves should be funded so the next repair never requires the next bond. The Director of Finance will work directly with the committee.