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Today’s Presenter

Today’s Presenter. Andrew Kleine Budget Director Baltimore, Md. andrew.kleine@baltimorecity.gov budget.baltimorecity.gov @baltimorebudget. Context for planning. Baltimore is at a turning point. Baltimore’s economy has changed.

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Today’s Presenter

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  1. Today’s Presenter Andrew Kleine Budget Director Baltimore, Md. andrew.kleine@baltimorecity.gov budget.baltimorecity.gov @baltimorebudget

  2. Context for planning

  3. Baltimore is at a turning point

  4. Baltimore’s economy has changed

  5. Employment is still well below pre-recession levels

  6. The housing market is recovering but still weak

  7. Getting started

  8. Organizing for the Plan

  9. SWOT Analysis

  10. Focusing the Plan

  11. BASELINE ANALYSIS

  12. Structural Budget Deficit

  13. Cost Drivers

  14. Cost Drivers

  15. Three Economic Scenarios

  16. Baltimore’s Tax Effort

  17. Capital Funding Gap

  18. Debt Capacity

  19. Unfunded Liabilities Total $2,888.7 (millions)

  20. DEVELOPING STRATEGIES

  21. Talking to Stakeholders Who we talked to What we asked What is your vision for Baltimore? What challenges stand in the way? Are there public investments that should be higher priority? How could the city find money for these investments? What opportunities should the city pursue via the 10-year plan? • City Council • Agency heads • Union leaders • Business owners • Community activists • Schools officials • University and hospital leaders

  22. Benchmarking Health Benefit Values - Regional Pension Benefit Values - National

  23. Best Practices • Solid Waste enterprise/Pay-as-you-Throw • Lease financing for vehicle purchases • Municipal advertising • Managed competition • Police field-based reporting • Dependent audit • VOIP • Wellness program

  24. Brainstorming • Taxi Tax • Billboard Tax • Splash Pads • Parking initiatives • Retiree health reforms • Asset leveraging • Environmental projects

  25. Implementing the Plan Steps Success Health benefit changes Property tax reduction Civilian pension reform New Fire schedule Revenue diversification • Strategic roll-out • Mayor’s roadshow • Built into the budget • Two full-time staff • 17 working groups

  26. Lessons Learned • Be bold • Build a baseline • Think beyond the horizon • Maintain a cushion • Be serious about implementation

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