First year and then moderating in the subsequent 4 years and then our major categories of uses, salaries and benefits representing about half of our overall budget and then everything else. You can see that at the bottom line shortfall in the first year is about 21. 2 million and in the second year 66. 5 million. This is an improvement of about 16 million from the time that the three offices issued the 5year Financial Plan. So whats changed since we made our initial projection . Really the things that i spoke about before and they are highlighted here. Improvement to revenues leading to deposits to our baseline. Modest changes on the salary and benefit side largely driven by two things one changes in cti and for the retirement board making a change in their pension return assumptions. The citywide operating cost increasing in early years and then flowing a little bit in the later years as a result of the adoption of new capital plan funding levels and the ict plan. Then finally modest
Improvement of about 16 million from the time that the three offices issued the 5year Financial Plan. So whats changed since we made our initial projection . Really the things that i spoke about before and they are highlighted here. Improvement to revenues leading to deposits to our baseline. Modest changes on the salary and benefit side largely driven by two things one changes in cti and for the retirement board making a change in their pension return assumptions. The citywide operating cost increasing in early years and then flowing a little bit in the later years as a result of the adoption of new capital plan funding levels and the ict plan. Then finally modest changes on the departmental side. The next few slides just go into a little more detail into whats changing. We talked already about changes on the revenue and fund balance side. We did the Controllers Office did hold their in fact economic briefing several months ago and that conversation with economist as well as other fol
Fame inductees will be officially announced at 2 00 p. M. Im wondering whether the markets will pay more attention to that announcement or the fed minutes. Im just focused on indianapolis, trying to deal with the patriots on saturday. That will be intense. Fan, watchver sunday. From inside your home. The only thing we have not mentioned is the cold. No one wants to be out in the cold. Saturday,ew york by according to my iphone. Upsetse 49ers really everybody, right . They worn even supposed to show up the cousin was going to be so cold. They did the job. I look at the field and it was brown. That is what dead grass looks like. I got to talk about one of the big news items this morning, alan mulally bowing out of the race for microsoft ceo. This is a reiteration, by the way, of what he told matt miller on december 5. He said, matt, i keep telling everybody im staying at ford. And then he told a number of people yesterday the same thing. He says all you want to do is serve ford. And you
I wake up in the morning on my phone, like this. Maybe thats explaining why that boats all marked up. Got to let your nephew drive it. I know, right . I love when it sinks in. I almost said that word. But serious talk. Yes, sir. Lets talk about the phone call and the monuments. You know, this isnt this is not about politics, anymore. Its not even about bigotry. It is. I guess it is about that. Its just about common sense. Its just common sense. And anyone who is standing up for and promoting, you know, confederate statues and monuments and high school names. Come on. Its not cancel culture. Its not cancel culture. Look. The president almost had me. You know, you want to talk about cancel culture. You want to talk about Political Correctness and, sometimes, how we put too much value on words and not needs. A all right. Im ready for a conversation. But these were people who fought to enslave human beings. And even robert e. Lee thought it was a bad idea to do this. So the idea of protect
And my kids are home. And everybody is healthy and they like me. And that is thats not always thats not always the case. And codys lovely girlfriend came as well. We sat out any day you can sit outside and just enjoy spring and be with your family and eat a good meal, the weather, and thank god for that was sunrise. You are getting quite good at the tweeting action. Yeah. I did my devotions on a beautiful easter morning and saw that sunrise and resurrection sunday, yeah, yeah, yeah. How about you . Yours was a little noisier . I had a houseful. Two nieces, one is 3 and one is 7, and my mom and my brother and his wife, all five were crow barred into my apartment. We had so much fun. We made some mistakes. We left the Chocolate Easter bunnies out on the windowsill, and you know what happened . Everything melted down. We had such a good time with the kids and everything. We did a lot of things this weekend. We went to see aladin. I hear it is terrific. We went to the park. Ill do my favor