Attachment B - Fiscal Capacity Committee.pdf

ATTACHMENT B G

City of Phoenix
Office of Mayor Kate Gallego

To: Phoenix City Council Date: October 31, 2019

From: Mayor Kate Gallego
Subject: Public Safety Bond Fiscal Capacity Committee

In March Mayor Williams and City Council approved the formation of the 2019 Public Safety Bond
Executive Committee. The committee was created with the charge to provide a final recommendation to
the Mayor and Council in the Spring of 2020 in preparation for a November 2020 public safety bond
election.

Prior to a final recommendation, a Fiscal Capacity Committee will be instituted to identify the financial
parameters for the bond program and the capacity for operations and maintenance, then report to the
original committee and the City Council. The Fiscal Capacity Committee will be charged with reviewing
the City of Phoenix’s financial, operating, and debt capacity and recommending an appropriately sized
public safety bond program. It is anticipated the basis for the committee’s analysis will be the 25-year
assessed valuation forecast as well as forecasted debt service and constitutional debt limits.

The Fiscal Capacity Committee should begin meeting as soon as possible with the goal of delivering a
recommendation on financial capacity and parameters.

The committee shall be composed of five members including one member of the Public Safety Bond
Executive Committee. The members are as follows:

Chair David Krietor, former CEO Downtown Phoenix, Inc and former Phoenix Deputy City Manager
Ron Butler, Ernst & Young

Hope Levin, Johnson Financial Group

MaryAnn Guerra, Aesthetics BioMedical Inc.

Deb Fisher, Realty Executives

Ce: Ed Zuercher
Penny Parrella
Deanna Jonovich
Milton Dohoney
Denise Olson
Jeff Barton