Item 1- Draft Special Called Meeting Minutes 20260316 — original pdf

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ECONOMIC PROSPERITY COMMISSION MEETING MINUTES MARCH 16, 2026 ECONOMIC PROSPERITY COMMISSION SPECIAL CALLED MEETING MINUTES MONDAY, MARCH 16, 2026 The Economic Prosperity Commission convened in a special called meeting on Monday, March 16, 2026 at Austin City Hall, 301 W. 2nd Street, Austin, Texas. Chair Gonzales called the Economic Prosperity Commission Meeting to order at 5:09 P.M. Commissioners in Attendance: Aaron Gonzales, Chair Michael Nahas Commissioners in Attendance Remotely: Aditi Joshi Zain Pleuthner Jacob Randall Shakeel Rashed Nicole Tomaszewski Raquel Valdez Sanchez PUBLIC COMMUNICATION: GENERAL None. DISCUSSION AND ACTION ITEMS 1. Approve a revised version of Recommendation 20251119-010: Pensions and OPEB Benefits based on additional information received from stakeholders. The recommendation and possible amendments were discussed. The following amendment was made by Chair Gonzales and seconded by Vice Chair Valdez Sanchez. The amendment was to reinsert the following sections that were previously struck through: “WHEREAS, the City of Austin’s Annual Comprehensive Financial Report says “The deficit in governmental unrestricted net position is largely due to the net 1 ECONOMIC PROSPERITY COMMISSION MEETING MINUTES MARCH 16, 2026 pension liability of $2.3 billion and other postemployment benefits (OPEB) liability of $1.9 billion.” AND “Request that the Government Accounting Standards Board (GASB) require a prudent, financially conservative discount rate and use it for the liabilities used to calculate the City’s total governmental activities net position.” The motion to approve the amendment failed on a 3-3 vote with Chair Gonzales, Vice Chair Valdez Sanchez and Commissioner Joshi voting Aye, and Commissioners Pleuthner, Randall and Tomaszewski voting Nay. Commissioners Nahas and Rashed abstained. Commissioner Zapata was absent. The motion to approve the recommendation without amending was made by Chair Gonzales and seconded by Vice Chair Valdez Sanchez. Chair Gonzales called the question. Commissioner Tomaszewski objected to calling the question. The motion to proceed with calling the question failed on a 3-5 vote with Chair Gonzales, Vice Chair Valdez Sanchez and Commissioner Joshi voting Aye, and Commissioners Pleuthner, Randall, Tomaszewski, Nahas and Rashed voting Nay. Commissioner Zapata was absent. Chair Gonzales withdrew the item without objection. 2. Approve an impact assessment framework and recommendation approval guidelines for the Economic Prosperity Commission. Withdrawn without objection. FUTURE AGENDA ITEMS Approve a revised version of the pension recommendation. Approve an impact assessment framework and recommendation approval guidelines. Chair Gonzales made a motion to adjourn the meeting at 6:18 p.m., seconded by Commissioner Joshi and passed on a unanimous vote. 2