Finance Committee forms small working groups to refine reserve policy and contingency plans
Summary
Committee agreed to convene small working groups (volunteers include Ken and George) to refine reserve-assignment policy, capital priorities and a contingency plan if the November ballot measure fails; committee agreed to reconvene post-election for a full working session.
After discussion of revenue scenarios and capital priorities, members recommended forming small working groups to convert the committee's high-level list into actionable items: reserve-assignment policy (how much to earmark for pensions, capital and unassigned rainy-day funds), a contingency plan if a ballot measure fails and a capital project prioritization list for any new revenue.
George Savage and Ken volunteered to work on the initial list; another member volunteered to lead the contingency planning group. The committee proposed meeting in mid-November (two weeks after the election) or in early December to translate election results into a concrete action plan for council consideration. Tony said he would continue to engage trails & paths, parks & rec and open-space committees to collect CIP input for the working groups.
Members agreed waiting until after the election for major drafting is sensible, while a small pre-election team can refine topics so the post-election effort can move quickly.
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