QUESTION
How were the pegs calculated for cultural institutions, and will the council's discretionary funding be impacted?
1:59:49
·
3 min
Jacques Jiha explains that a 3.5% cut was applied to all SIGs for fiscal year 2024, with tiered cuts in subsequent years, but council discretionary funding is not affected by the pegs.
- A 3.5% budget cut applies across the board to SIGs in fiscal year 2024, with 7.4% for large SIGs and 3.5% for small ones in following years.
- For fiscal year 2025, cuts are tiered, with 11.3% for large SIGs, 3.5% for small SIGs, and 8.3% across the board.
- Council discretionary funding is unaffected by these funding adjustments.
- Financial conditions' improvement could lead to partial or full restoration of funding priorities, including library services, but commitments cannot be made until closer to budget adoption.
Carlina Rivera
1:59:49
So the preliminary plan includes $7,400,000 in $25,400,000 in fiscal year $25,500,000 in the out years for the 6.
1:59:59
DCLA funds a portion of the operating costs for the 34 city owned institutions.
2:00:05
Can you explain to us how the pegs were calculated and implemented for the sigs in both November January plans?
2:00:12
Is counsel discretionary funding impacted by these pegs where individual member item funding and city wide initiatives part of the operating budget and is the percentage of cuts the same for all 34 66 in the November January plan?
2:00:28
And just if I could add to that, the the libraries, since the administration announced the cancellation of the fiscal year 2025 executive budget program to eliminate the gap for city agencies due to continued strong fiscal management Are there plans to restore the November plan baseline cut to the library's budget of 23,600,000 in 2400000000 out year so the systems can bring back the much needed Sunday services.
Jacques Jiha
2:01:01
Let's start with the first question.
Carlina Rivera
2:01:03
Thank you.
Jacques Jiha
2:01:04
For the November plan, this year, we applied a 3.5% cut across the board.
2:01:10
To all SIG for fiscal 'twenty 4.
2:01:13
But here, the quarter in fiscal 'twenty 5 and up, it's like 7.4% for large SIG.
2:01:19
With a budget of $20,000,000 or more and 3.5% for the small ones.
2:01:27
For the general plan, The CLO also tiered records in fiscal 24.
2:01:33
It's 11.3% for large sig.
2:01:36
And 3.5% for small Sigs and 8.3% across the board to all SIG for fiscal year 25 and Airt.
2:01:47
Regarding the accounts of discretionary funding, they are not impacted by the bank.
2:01:55
And as I stated earlier, if financial conditions improve beyond what we currently anticipate.
2:02:04
Okay?
2:02:05
We will work with the council to identify joint priorities that can be fully or partially restored, including the libraries, including questions.
2:02:15
Again, as I said, we have to make sure, okay, we have the resources to basically start this conversation start the conversation about restoring.
2:02:27
Until we do, I cannot commit at this point in time.
2:02:31
Okay, that we're going to restore X Y And Z or Z.
2:02:36
Okay.
2:02:36
If resources are there as we get closer to adoption, who will discuss with the council and identify joint priorities that can be fully or partially restored.
Carlina Rivera
2:02:49
Well well, thank you for that.
2:02:51
I would say, as I mentioned, major drive to city revenue.
2:02:55
I hope that's analyzed when cuts are made.
2:02:58
And as you can imagine, these smaller institutions and groups and the libraries, they're critical to just our survival community.
2:03:07
Well, thank you for the time to the chair and to my colleagues for their questions as well.
2:03:12
I just want to add that you know, cutting these really could have negative effects on our local economies, and I know all of my colleagues feel that way.
2:03:20
So thanks again.
Jacques Jiha
2:03:22
Thank you.