Budget and Finance Committee meeting summary
At a glance
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The committee recommended a lease amendment for Tad’s, advanced a grant-threshold ordinance with amendments by continuing it, and approved a cost-of-living increase for Budget and Legislative Analyst Services.
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What this means
The committee moved forward on three budget-related items. It recommended a change to the Tad’s lease at 44 Ellis Street, continued a proposal that would raise the dollar amount for grant approvals with added exceptions, and recommended a pay increase for Budget and Legislative Analyst Services. For residents, this means lease terms, grant review rules, and one city contract all advanced to the next step.
Key decisions
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- Recommended as amended: retroactive amended and restated lease agreement with Tad’s Inc. for 44 Ellis Street, including rent set at 8% of gross revenues and other lease changes.
- Continued as amended to the Budget and Finance Committee meeting of July 8, 2026: ordinance increasing the grant acceptance and expenditure approval threshold and adding related exceptions.
- Recommended: 4.50% cost of living adjustment for the Budget and Legislative Analyst Services contract, effective July 1, 2026.
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Meeting information
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Budget and Finance Committee (6/17/2026 10:00 AM)
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