Economic Prosperity Commission Regular Meeting of the Economic Prosperity Commission

Agenda — original pdf

REGULAR CALLED MEETING OF THE ECONOMIC PROSPERITY COMMISSION WEDNESDAY, MAY 20, 2026, 6:30 PM AUSTIN CITY HALL, BOARDS AND COMMISSIONS ROOM, #1101 301 WEST 2ND STREET AUSTIN, TEXAS 78701 Some members of the Economic Prosperity Commission may be participating by videoconference. The meeting may be viewed online at: http://www.austintexas.gov/page/watch-atxn-live Public comment will be allowed in-person or remotely via telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation by telephone. To register to speak remotely, contact Chelsea Pfeifer at chelsea.pfeifer@austintexas.gov or 512-974-2498. CURRENT COMMISSIONERS: Commissioner Appointment Nicole Tomaszewski Ofelia Zapata District 1 District 2 Commissioner Zain Pleuthner VACANT Appointment District 7 District 8 Raquel Valdez Sanchez District 3 Aaron Gonzales (Chair) District 9 Michael Nahas Kevin Roberts Shakeel Rashed CALL TO ORDER District 4 District 5 District 6 Aditi Joshi District 10 Jake Randall (Vice Chair) Mayor PUBLIC COMMUNICATION: GENERAL The first ten speakers signed up prior to the meeting being called to order will each be allowed a three-minute allotment to address their concerns regarding items not posted on the agenda. APPROVAL OF MINUTES 1. Approve the minutes of the Economic Prosperity Commission regular meeting on April 15, 2026. DISCUSSION ITEMS 2. Presentation regarding the outcomes from a recent economic mobility study and the impact on quality of life for students served by Communities In Schools. Presentation by Sharon Vigil, Chief Executive Officer, Communities In Schools of Central Texas, Jacob Reach, Chief Operations Officer, Communities In Schools of Central Texas. Presentation on an Economic Snapshot of Central Texas by Chair Gonzales. Discussion of possible recommendation regarding Economic infrastructure. Discussion of Impact Assessment Framework and its application to possible AI policy recommendation. Impact of needed 3. 4. 5. FUTURE AGENDA ITEMS ADJOURNMENT The City of Austin is committed to compliance with the Americans with Disabilities Act. Reasonable modifications and equal access to communications will be provided upon request. For assistance, please contact the Liaison or TTY users’ route through 711. A person may request language access accommodations no later than 48 hours before the scheduled meeting. Please call or email Chelsea Pfeifer at the Austin City Clerk’s Office, at 512-974-2498 or chelsea.pfeifer@austintexas.gov to request service or for additional information. For more information on the Economic Prosperity Commission please …

Item 1. Draft Meeting Minutes 20260415 — original pdf

ECONOMIC PROSPERITY COMMISSION REGULAR MEETING MINUTES WEDNESDAY, APRIL 15, 2026 The Economic Prosperity Commission convened in a regular meeting on Wednesday, April 15, 2026 at Austin City Hall, Boards and Commissions room #1101, 301 west 2nd street. Chair Gonzales called the Economic Prosperity Commission Meeting to order at 6:35 P.M. Commissioners in Attendance: Aaron Gonzales, Chair Raquel Valdez Sanchez, Vice Chair Michael Nahas Zain Pleuthner Jacob Randall Kevin Roberts Commissioners in Attendance Remotely: Aditi Joshi Nicole Tomaszewski Ofelia Zapata Shakeel Rashed PUBLIC COMMUNICATION: GENERAL None. APPROVAL OF MINUTES 1. Approve the minutes of the Economic Prosperity Commission regular meeting on February 25, 2026 and the Special Called meeting on March 16, 2026. The minutes from the Economic Prosperity Commission regular meeting on February 25, 2026 were approved on Commissioner Pleuthner’s motion, Vice Chair Valdez Sanchez’s second on a 8-0 vote. Commissioners Rashed and Zapata were off the dais. The minutes from the Economic Prosperity Commission special called meeting on March 16, 2026 were approved on Commissioner Pleuthner’s motion, Commissioner Nahas’ second on an 8-0 vote. Commissioners Rashed and Zapata were off the dais. ECONOMIC PROSPERITY COMMISSION MEETING MINUTES WEDNESDAY, APRIL 15, 2026 DISCUSSION AND ACTION ITEMS 4. Approve a revised version of Recommendation 20251119-010: Pensions and OPEB Benefits based on additional information received from stakeholders. The following amendment was made by Commissioner Nahas: The amendment was to insert the following paragraph as [11.] after [10.], as an additional paragraph at the end of the recommendation. To avoid similar problems in the future, the residents of Austin should be informed when the City is losing money and taxes will have to be increased in the future to pay it back. The amount per ratepayer should be included in the City Budget’s “Taxpayer Impact Statement” page. One potential way to calculate that the City is losing money is the change “total governmental activities net position” for the most recent year, but the City should explore better ways to calculate it. The amendment was withdrawn by Commissioner Nahas. The following amendment was made by Commissioner Nahas and seconded by Commissioner Pleuthner. The amendment was to insert the following paragraph as [11.] after [10.], as an additional paragraph at the end of the recommendation. “Once each decade, the City of Austin should adjust pension retirement ages for new employees. Medicine keeps making advances and life spans get longer. This predictably increases the cost of …