Items for the week and upcoming items for the month

City Manager (Will):

•  Two-year budget cycles

City Recorder (Sue):

•  Website menu & submenu work

- Emily is holding meeting with department posters to discuss. This is for the main page -Strip menu across the top: Government, Community, Business, and How Do I and submenus below each of those categories.

•  Committee recruitment status

•  Total of 14 applications: 13 regular & 1 student

Finance (Kady):

•  PERS Legislative Update

•  Rates had a minimal increase for the next biennium (23-25), which is good news. But all year the PERS Board had been saying rates would be going up by a lot…so what happened?

•  The major factor keeping rates low this upcoming biennium – the assumed rate of return was supposed to be lowered in biennium 23-25 (when the assumed rate of return is lowered, the contribution rate by the employer must increase to make up the loss). The PERS Board decided to put this off until biennium 25-27 to keep rates down in the short term. Biennium 25-27 will for sure have a rate increase larger than normal because of this.

•  PERS also suffered large investment losses which will be reflected in the next actuarial valuation for rates in 25-27 (this means rate increases to make up for the investment losses).

•  State Economic Update, Hiring

◦  Where did all of the workers go?

▪  At the beginning of the pandemic in 2020, there were over 9 million workers in the job market over the age of 65. Conversely, there were approximately 171,000 workers in the job market under the age of 25. What does this mean? During the pandemic, many Boomers decided this was the right time to retire and left in record numbers, leaving a huge gap in the job market. Due to population decline that has been happening for decades, the exiting of the Boomers is an employment hole that cannot be filled.

▪  Will the recession help the hiring? No, because there just aren’t enough workers entering the job force. With the Boomers retiring, there aren’t enough workers to go around and it will stay a employee market for the foreseeable future

◦  What is the hiring market like?

▪  When polled (Oregon employees), employees said the thing that would make them leave their current job is more money/higher pay

▪  When polled (Oregon employees), employees said the thing that would make them stay at their current job is more money/higher pay

▪  When polled (Oregon employees), 68% said they felt no loyalty to their current employer and would leave if offered more money

▪  What are the hardest sectors to hire for governments?

•  1 HR

•  2 Finance and Accounting

•  3 Engineering

▪  Why are these sectors so hard to hire? Because the gap between private sector and public sector wages are the greatest

▪  There has always been a gap between private sector and public sector wages, however public sector benefits (like pension) usually filled the gap. The gap across almost all departments has grown beyond this normal gap making governments lagging behind private sector in overall compensation.

Community Development (Doug):

•  Springbrook Master Plan

•  Day Care Uses

•  New DLCD Representative

Public Safety (Jeff):

•  Cameron Ferguson will be attending the FBI National Academy in January 2023

•  Letters went out for Shop w/a cop

Personnel (Issues related to global personnel matters)

Human Recourses (Alison):

•  A new HR intern – Sydney Kosmicki who will be working out of the Archives Building on Tuesdays and Wednesdays from 8:30-1:30 p.m.  I hope she will have an opportunity to meet and interact with everyone

Accolades and requests for help

City Recorder (Sue):

•  Thanks to departments who have hosted Joshua, he says thank you and it is much better than classroom learning.

- Contact Zaira to make any changes to the schedule