Council reviews property-relief worksheet and asks staff for revenue details

Council discussed a distributed property-relief worksheet that models potential city revenue loss under varying relief percentages and sample assessed values. The mayor asked about next meeting scheduling and a council member asked staff how personal property was treated in the table.

Staff (Michelle) explained the worksheet shows columns for total city revenue loss at a range of relief levels (5%, 10%, 15%, 20%, 25%, 50%) and that the sample columns combine real estate and personal property values: "So on the next 2 columns, say if you have a $250,000 home, plus assuming that you have 25,000 in personal property, and then you can see the difference." A council member noted the display didn't separately show personal-property-only impacts and staff clarified where the combined assumptions appear in the packet.

Council members asked staff to provide clarified figures, and staff noted they would prefer feedback by the end of the week if council wanted a schedule change for the next meeting.