Back to Archives

Austin's Financial Struggles & Leadership Change

Wednesday, January 16, 2002 Austin City Council Work Session
  • Budget Shortfalls:

    Officials discussed significant revenue shortfalls and increased costs, particularly for public safety and health services.
  • Emergency Funding Considered:

    The city explored using a "tax anticipation note" (a form of short-term borrowing) to address immediate financial gaps.
  • City Manager Transition:

    Council members went into executive session to discuss the departure of City Manager Jesus Garza and the appointment of an acting successor.

Full Transcript

Austin City Council MINUTES COUNCIL WORKSESSION WEDNESDAY, JANUARY 16, 2002 The following represents the actions taken by the Austin City Council in the order they occurred during the meeting. While the minutes are not in sequential order, all agenda items were discussed. The City Council of Austin, Texas convened in a Worksession on Wednesday, January 16, 2002 at One Texas Center, 505 Barton Springs Road, third floor training room, Austin, Texas. Mayor Garcia called the meeting to order at 10:01 a.m. BRIEFING 2. Economic and budget update and discussion of tax anticipation note for revenue shortfalls and increased costs for public safety and health services. The briefing was made by John Stephens, Director of Financial Services, and Rudy Garza, Budget Officer. The meeting was recessed at 11:22 a.m. to go into Executive Session. EXECUTIVE SESSION The City Council went into Executive Session, pursuant to Chapter 551 of the Texas Government Code, to receive advice from Legal Counsel, to discuss matters of land acquisition, litigation, and personnel matters as specifically listed on this agenda and to receive advice from Legal Counsel regarding any other item on this agenda. 1. Discuss the separation and transition of City Manager Jesus Garza, and the appointment and employment of an acting City Manager. Executive Session ended at 12:13 p.m. The motion to adjourn the meeting p.m. was approved on Council Member Thomas' motion, Council Member Griffith's second by a 5-0 vote. The minutes from the Worksession of January 16, 2002 and the Regular Meeting of January 17, 2002 were approved on Council Member Griffith's motion, Mayor Pro Tern Goodman's second by a 7-0 vote.