President introduced Nadine Goonyham of the tax department, who presented a legislative update on several federal tax-law changes and what they mean locally.

Goonyham said one federal change allows taxpayers to deduct qualifying tips and overtime from adjusted gross income at the federal level, but the presenter said the city will not allow an equivalent local deduction; therefore, tips and overtime pay will continue to be taxed at the local level. She also summarized a federal change affecting gambling winnings: professional gamblers may now deduct only 90% of losses against winnings (previously 100%), which will increase reportable winnings. Finally, she reported that a federal provision removing unreimbursed employee business‑expense deductions (referred to in the transcript as the '2106 expense') has been made permanent; she said local tax staff do not expect these clarifications to materially change local revenue except in isolated cases.

Goonyham said the tax office has been busy: staff issued about 750 subpoenas (moved down from an original 1,095 figure cited earlier in their workload discussion) and, as of October, year‑to‑date revenue was approximately $170,000, or about a 6% increase compared with the same period the prior year. Council members asked which levels of government determine whether the city must adopt federal changes locally; the presenter said she received the legislative update and that many of these matters are determined at state or higher levels rather than at the city level.