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Committee hears franchise-fee review and Climate Legacy Initiative funding update; staff to return with modeling
Summary
Budget and sustainability staff reported that projected franchise-fee funding for the Climate Legacy Initiative was estimated at $10 million but actual 2024 receipts were about $8.4 million; staff and the city attorney outlined options to change allocations, structural adjustments to fee classes and procedural steps required for ordinance changes.
City budget and sustainability staff presented an update on franchise-fee revenue and the Climate Legacy Initiative (CLI) to the Climate and Infrastructure Committee on Sept. 18.
Budget Director Jane DeCenzo said franchise agreements and fees have been in place for decades. After negotiations in 2023, the CLI allocation from franchise fees had been estimated at $10,000,000 for planning purposes; actual receipts were lower, and DeCenzo said the city recorded about $8,400,000 tied to CLI in 2024. She explained the city will refine accounting so distributions tied to CLI are clearer in…
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