Budget and Finance Commitee

BUDGET AND FINANCE COMMITTEE Tuesday, February 17, 2026 - 2:00 PM JOHN FERRARO COUNCIL CHAMBER ROOM 340, CITY HALL 200 NORTH SPRING STREET, LOS ANGELES, CA 90012 MEMBERS: COUNCILMEMBER KATY YAROSLAVSKY, CHAIR COUNCILMEMBER BOB BLUMENFIELD COUNCILMEMBER HEATHER HUTT COUNCILMEMBER TIM McOSKER COUNCILMEMBER EUNISSES HERNANDEZ Armando Bencomo - Legislative Assistant - (213) 978-1080 (or Clerk.BudgetandFinanceCommittee@lacity.org) Submit written comment at LACouncilComment.com The audio for Committee meetings is broadcast live on the internet at https://clerk.lacity.gov/calendar. Additional information regarding Committee procedures provided at the end of this agenda. The Committee will take public comment from members of the public in-person only; there will be no public comment by teleconference. Additional information regarding Committee procedures provided at the end of this agenda. Spanish language interpretation is available at all City Council and Committee meetings. SE OFRECE SERVICIO DE TRADUCCIÓN AL ESPAÑOL EN TODAS LAS REUNIONES DEL CONSEJO Y COMITÉ MUNICIPAL. For interpretation services in additional languages and Sign Language Interpreters, at no cost, please contact clerk.interpretation@lacity.org or call (213) 978-1133 and provide the language desired, specific meeting, meeting date, and the number of people in the group. All requests should be submitted with as much advance notice as possible, preferably two business days prior to the meeting you wish to attend for additional language interpretation and five business days for Sign Language Interpretation. We will do our best to accommodate requests with shorter notice, but securing last-minute interpreters or captioners may not always be feasible. MULTIPLE AGENDA ITEM COMMENT  GENERAL PUBLIC COMMENT ITEM(S) (1) 25-1474 Motion (Rodriguez – Blumenfield) relative to the feasibility and fiscal impact of raising the small business exemption threshold, and business tax practices of other cities. Community Impact Statement: None submitted (2) 26-0131 Motion (Lee – Yaroslavsky) relative to a transfer of funds to address shortfalls in various Los Angeles Fire Department sworn and civilian salary accounts. Community Impact Statement: None submitted (3) 20-0021-S2 City Administrative Officer and Mayor reports relative to the acceptance of a grant award from the California Board of State and Community Corrections for implementation of the Cohort 5 Proposition 47 Pathways to Healing and Recovery Program. (This item is referred to the Economic Development and Jobs Committee and the Budget and Finance Committee. The Economic Development and Jobs Committee approved the item on February 3, 2026.) Fiscal Impact Statement: Yes Financial Policies Statement: Yes Community Impact Statement: None submitted (4) 25-1431 City Administrative Officer report relative to actual cost information for the General Obligation Bonds, Series 2026-A (Taxable) (Social Bonds), issued to fund Proposition HHH projects.  Fiscal Impact Statement: Yes Financial Policies Statement: Yes Debt Impact Statement: Yes Community Impact Statement: None submitted (5) 26-0055 Board of Recreation and Park Commissioners report relative to authorizing the Department of Recreation and Parks to submit a two- year grant application and accept the Kaiser Permanente Operation Splash Program grant for 2026 and 2027, if awarded, to support aquatic programming. (This item is referred to the Arts, Parks, Libraries, and Community Enrichment Committee and Budget and Finance Committee. The Arts, Parks, Libraries, and Community Enrichment Committee approved the item on January 27, 2026.) Fiscal Impact Statement: Yes Community Impact Statement: None submitted (6) 25-0600-S125 Office of Finance report relative to the implementation of a business tax amnesty program for cannabis businesses. (This item is referred to the Government Operations Committee and Budget and Finance Committee. The Government Operations Committe approved the item as amended on February 3, 2026.) Fiscal Impact Statement: No Community Impact Statement: None submitted. (7) 08-3292-S1 CD 6 City Clerk report relative to the escheatment of idle funds in the Panorama City Business Improvement District, Fund No. 51D. Fiscal Impact Statement: Yes  Community Impact Statement: None submitted (8) 21-1188-S12 City Attorney report relative to a proposed amendment to Contract No. C-144882 with Kendall Brill & Kelly, LLP to increase the contract ceiling for legal services related to the July 11, 2021 sewage discharge incident at the Hyperion Water Reclamation Plant. [The Committee may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(2) and (e)(2), to confer with its legal counsel to discuss the need for additional funding for representation regarding exposure to litigation in the above- entitled matter.] Fiscal Impact Statement: No Community Impact Statement: None submitted (9) 18-0916-S1 CD 5 City Attorney report relative to a request for payment of costs of suit, pursuant to the ruling in the case entitled Friends of Westwanda Drive v. City of Los Angeles et al., Los Angeles Superior Court Case No. 20STCP03490. (This matter is regarding a challenge of building permits issued for a single-family home construction project located at 10034 Westwanda Drive. Fiscal Impact Statement: No Community Impact Statement: None submitted (10) 26-0189 City Administrative Officer report relative to a proposed contract with FAST Enterprises, LLC for integrated tax solution and associated implementation services. Fiscal Impact Statement: Yes Financial Policies Statement: Yes  Community Impact Statement: None submitted TIME LIMIT FILE - APRIL 13, 2026 (LAST DAY FOR COUNCIL ACTION - MARCH 27, 2026) (11) 26-0176 The Committee may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Movses Sisoyan v. City of Los Angeles, et al., Los Angeles Superior Court Case No. 25VECV02580. (This matter arises from a vehicle versus vehicle traffic accident on November 13, 2024, at the intersection of Hayvenhurst Avenue and Nordhoff Street, in North Hills, California.) (12) 26-0177 The Committee may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the cases entitled Richard Guzman, et al. v. City of Los Angeles, United States District Court (USDC) Case No. 2:23-cv- 08689-FLA-Ex; and Margret Hill, et al. v. City of Los Angeles, USDC Case No. 2:24-cv-03484-FLA-Ex. (This matter arises from claims by former employees of the Los Angeles Police Department that the City failed to timely pay their banked compensatory time at the termination of their employment in violation of the Fair Labor Standards Act.) (13) 26-0178 The Committee may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Maria Guadalupe Ramirez v. City of Los Angeles, et al., Los Angeles Superior Court Case No. 23STCV18398. (This matter arises from a trip and fall incident that occurred on September 3, 2022, near 243 East 52nd Street, in the City of Los Angeles.) (14) 26-0179 The Committee may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Yolanda White v. City of Los Angeles, et al., Los Angeles Superior Court Case No. 22STCV06414.  (This matter arises from a September 15, 2021, incident involving a trip and fall located at 3711 Beethoven Street, in the City of Los Angeles.) (15) 26-0180 The Committee may recess to Closed Session, pursuant to Government Code Section 54956.9(d)(1), to confer with its legal counsel relative to the case entitled Hilda Combs v. City of Los Angeles, et al., Los Angeles Superior Court Case No. 22STCV32710. (This matter arises from an incident on March 30, 2022, located at North Grand Avenue and Temple Street, where the incident occurred.) (16) 26-0036 The Committee shall recess to Closed Session, pursuant to Government Code Section 54956.9(d)(4), to confer with its legal counsel relative to the case entitled Golden Entropy Inc. (This matter arises from a Business License Tax assessment.) SUPPORTING MATERIALS Materials relating to items on the agenda are available on the Office of the City Clerk's Council File Management System found at https://cityclerk.lacity.org/lacityclerkconnect by entering the Council File number (e.g., 00-0000) associated with the agenda item. PUBLIC INPUT AT CITY COUNCIL COMMITTEE MEETINGS Members of the public who wish to speak on one or multiple items shall have an opportunity to speak up to one minute per item up to a total of two minutes for two or more agenda items. At regular meetings, members of the public shall also have an opportunity to speak up to one minute for general public comment on any matter within the subject-matter jurisdiction of the Committee. The Committee is not required to take general public comment at special meetings. The Committee may limit the total amount of time for public comment on any specific agenda item, on all agenda-items collectively, and/or on general public comment, based on the anticipated time required to hear from public speakers on any given or all agenda items, on the availability of Committee members and the need to maintain quorum, and on any other relevant factor. The Committee shall not discuss or take action relative to any general public comment except as explicitly permitted under the Brown Act. COMMITTEE INFORMATION, ASSIGNMENTS, AND STRUCTURE https://clerk.lacity.gov/clerk-services/cps/council-committee-meetings/info-assignments-structure SPECIAL ACCOMMODATION Requests for reasonable modification or accommodation from individuals with disabilities, consistent with the Americans with Disabilities Act, can be made by contacting the City Clerk's Office at (213) 978-1133. For Telecommunications Relay Service for the hearing impaired, please see the information below. NOTICE TO PAID REPRESENTATIVES If a member of the public is compensated to monitor, attend, or speak at this meeting, City law may require them to register as a lobbyist and report this activity. More information can be found at Los Angeles Municipal Code 48.01 et seq. or at ethics.lacity.org/lobbying. Further assistance can be found by contacting the Ethics Commission at (213) 978-1960 or ethics.commission@lacity.org. EXHAUSTION OF ADMINISTRATIVE REMEDIES A member of the public seeking to challenge a City action in court may be limited to raising only those issues raised at the public hearing described in this notice, or in written correspondence delivered to the City Clerk prior to the public hearing in time reasonably to be considered by the Committee members. Any written correspondence delivered to the City Clerk before the City Council's final action on a matter will become a part of the administrative record. TELECOMMUNICATIONS RELAY SERVICE (TRS) COMMUNICATIONS Telephone communication is one of the most important forms of communication in society today. Due to advancements in technology, telephone devices have evolved with new services and capabilities. Individuals who are deaf and hard of hearing, and individuals with a speech disability, may be able to avail themselves of both for peer-to-peer and third-party telecommunications relay service (TRS) communications. Telecommunications Relay Service is a telephone service that allows persons with hearing or speech disabilities to place and receive telephone calls. TRS is available in all 50 states, the District of Columbia, Puerto Rico and the U.S. territories for local and/or long distance calls. TRS providers - generally telephone companies - are compensated for the costs of providing TRS from either a state or a federal fund. There is no cost to the TRS user. What forms of TRS are available? There are several forms of TRS, depending on the particular needs of the user and the equipment available: TRS includes: Text to Voice TIY-Based TRS; Speech-to-Speech Relay Service; Shared Non-English Language Relay Service; Captioned Telephone Relay Service; Internet Protocol Relay Service; and Video Relay Service. Please visit this site for detail descriptions, https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs. Don't hang up! Some people hang up on TRS calls because they think the caller is a telemarketer. If you hear, "Hello, this is the relay service…" when you pick up the phone, please don't hang up! You are about to talk, through a TRS provider, to a person who is deaf, hard-of-hearing, or has a speech disability. For more information about FCC programs to promote access to telecommunications services for people with disabilities, visit the FCC's Disability Rights Office website.