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Council accepts $50,000 Public Finance Initiative grant to advance racial equity work

St. Paul City Council · November 20, 2024
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Summary

The council adopted a resolution authorizing the Office of Financial Services to accept a $50,000 grant from the Public Finance Initiative to advance racial equity work in public finance and amended the 2024 budget accordingly; no public testimony was offered.

The council adopted a resolution authorizing the Office of Financial Services to accept a $50,000 grant from the Public Finance Initiative to advance racial equity work in public finance and amended the Office’s 2024 budget accordingly.

The item was presented as a public hearing with no speakers in the chamber; Councilmember Ms. Buie moved to close the public hearing and approve the resolution. The council recorded its approval at the meeting.

The grant will be used by the Office of Financial Services for racial-equity work in public finance (program details and timeline not specified in the transcript).