The Olympia City Council will discuss long-term financial strategy as one of its agenda items in its mid-year retreat on Saturday, June 18.
According to city manager Jay Burney, there will be a presentation and review of the current financial strategy and recession planning in the six-hour event, which will start at 9 a.m. and end at 3 p.m.
Councilmember Dani Madrone noted that only 45 minutes will be allotted in the long-term financial strategy discussion.
“I am thinking specifically about our investments in climate and equity and how that fits into the long-term financial strategy,” Madrone said. “I want to make sure that we are not just talking about planning for the next recession but make sure how we advance our obligations and meet the targets that we have when it comes to climate.”
City manager Jay Burney said those topics will be part of the financial strategy discussion.
Burney explained that the long-term financial strategy that he and Finance Director Aaron BeMiller will present is a document that should guide the city for every financial decision.
Other agenda
Other items included in the agenda are the review of priority projects.
"We will spend some time reviewing the status schedule and resourcing of our priority projects for 2022 and what might be on the horizon for 2023," Burney told the councilmembers.
The third item on the agenda is an update on communication, strategic planning work, and some discussion with the council on communication protocols to assist them with their needs and expectations.
The mid-year retreat will be held at city hall in the council chamber.
"Some of the other offsite locations that we've used in the past are unavailable for various reasons. Not all locations have opened back up post-COVID yet, so our options were fairly limited," Burney explained.
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