HomeMy WebLinkAboutCOVID-19 Economic Response Framework PresentationSTAFF PRESENTATION TO FOLLOW:
Geoff Fruin, City Manager: COVID-19 Economic Response Framework
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CITY OF IMA CITY
410 East Washington 5trcct
[owa City, Iowa 52240-1826
(3 19) 356-5000
(319) 356-5009 FAX
WWWJcgov.org
The City's long-term fiscal stability and ability to provide essential services must not be
compromised
Individual or household relief must be equitable and prioritize those most in need
Relief efforts for non-profit agencies should reward collaboration and create lasting operational
benefits
Business relief programs should be coordinated with actions of regional partners and aim to
leverage external funding
Economic stimulus efforts must target Iowa City based businesses and support jobs across
multiple sectors
All relief efforts should yield enduring outcomes that align with the City Council's Climate Action
objectives
Local funds must not duplicate benefits provided by other private, state and federal relief efforts
Individual and Household Relief
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• City's ability to pay
• Thresholds for eligibility
• Ensure most basic needs are met
(housing, food, healthcare, childcare
and transportation)
• Coordination with non-profit service
providers or other community partners
• Potential repurposing of Affordable
Housing Funds
• Rebates / credits for unused city
services
• Leverage outside funds
• Avoid duplication of benefits
• Forgo water shutoffs and late fees
• Completed: issued in March
• Postponement of approved water rate increase
• Completed: 3 month delay authorized
• Expansion of City's existing utility discount program
• Direct housing assistance (contracted)
• Expansion of food security efforts (e.g. double up
food bucks program, coordination with local food-
service businesses, farmers and non -profits)
• Local childcare credit program
• Free transit pass distribution
• Employment skills enhancement partnership with
local education institutions, labor organizations and
business partners
• Parking pass rebate / credit (option: possible
coordination with a community gift card program)
Non -Profit Support
• City's abilityto pay
• Target most essential human service
needs for all residents (housing, food,
healthcare / mental health, youth
services)
• Support Iowa City based arts and culture
organizations that build community and
drive economic activity
• Encourage collaborative efforts
• Leverage outside relief funds
• Avoid duplication of benefits
• Direct operational grants (additional
supplement of Aid to Agencies program)
• Forgivable / low-interest loans to ease
debt burdens, pursue organizational
efficiencies, or otherwise reduce long-
term operational costs
• Interim arts and culture funding program
and supplemented marketing efforts
STAFF PRESENTATION CONCLUDED
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CITY OF IOWA CITY
410 East Washington Strect
Iowa City, Iowa 52240-1826
(3 19) 356-5000
(3 19) 356-5009 FAX
www. icgov. o rg