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Chair Ron S. Galperin and Members Gilda Haas and Derric J. Johnson met and approved the November 24, 2025 minutes. The Committee reviewed progress on focus areas including new revenue opportunities, liability mitigation (with emphasis on rising LAPD liability payouts), potential insurance and privatization models, and performance‑based budgeting. Members discussed special fund use, cost allocation, treasury and reserve fund management, parking revenue, and Brown Act document‑sharing rules. Next steps include gathering prior research, drafting motion language, developing a performance‑based budget template, and evaluating models; the next meeting was set for February 27, 2026.
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Committee members are studying ways to reduce budget pressure from growing liability payouts (especially LAPD-related payouts) and to find new or better ways to track and collect city revenue. They plan to research insurance and privatization options, test tying departmental budgets to measurable performance, and prepare draft proposals for City Council consideration. For residents, this could lead to changes in how departmental costs and lawsuit payouts are handled, and to future policy proposals aimed at stabilizing the city’s General Fund.
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