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City Council <br />Meeting Minutes February 16, 2022 <br />received) for 2nd round of funding <br />• June 2022: 2nd round funds received <br />• June 2022 -Dec 2026: Funds spent <br />Council will continue discussion and provide direction on the allocation of <br />funds, Equity Framework, Equity Criteria and any other considerations at the <br />Budget Policy Workshop tomorrow evening. <br />Ms. Miranda continued with the decision point summary and Council held <br />discussion on the following: <br />Decision Point Summary <br />1. FY22 Mid -Year Personnel Considerations - discussion was held and council <br />provided consensus to approve a 2% midyear increase for non -civil service <br />staff. <br />2. Fund personnel additions to adequately support core services - upon <br />completion of discussion, council provided consensus to allow Ms. Reyes and <br />staff to look at additional staff considerations for FY22 Budget. <br />3. Fund and implement results of the compensation study - Linda Spacek, <br />Director of Human Resources, provided a cost estimate of about $60,000 to do <br />a compensation study and what this entails. Upon completion of discussion, <br />council provided consensus to fund the compensation study at a cost of <br />approximately $60,000. Mayor Hughson inquired as to the expected cost to <br />implement the compensation study. Ms. Reyes stated that an estimate is 5% <br />and that would be for FY23. <br />4. Tax Rate: Not to exceed greater of No New Revenue Rate or current rate or <br />Stay between the No New Revenue Rate and Voter Approval Tax Rate - upon <br />completion of discussion, council provided consensus to keep it at the current <br />rate or lower. Discussion was held on property tax collections and there was <br />interest in a push for extension or additions to homestead exemptions if we are <br />not able to lower the rate for everyone. <br />5. Constrain CIP to keep debt rate flat and tie CIP to available capacity in the <br />model - upon completion of discussion, council provided consensus to keep <br />debt rate flat and tie CIP to a debt rate model. <br />6. Revenues: Budgeting based on historical trends - Discussion was held and <br />City of San Marcos Page 12 <br />