Cambridge Civic Journal Forum, city finance.#City #finance


Cambridge Civic Journal Forum

Featured Items on the Nov 13, 2017 City Council Agenda

City financeFor the moment at least, all six incumbents who ran to retain their seats seem to have been reelected. We ll know for sure on Friday (Nov 17) unless the closeness of the results warrants a recount. In the meantime, here are a few items of interest on this week s agenda.

Manager s Agenda #2. Transmitting Communication from Louis A. DePasquale, City Manager, relative to the appropriation of $2,274,829 from Free Cash to the Mitigation Revenue Stabilization Fund. Funds appropriated to the Mitigation Revenue Stabilization Fund will be used to fund specific projects which will require individual appropriations by the City Council for the related projects in the future.

Manager s Agenda #5. A communication transmitted from Louis A. DePasquale, City Manager, relative to a recommendation from the Planning Board to adopt the Alexandria Zoning Petition regarding Innovation Space in the PUD-3A and PUD-4C Districts.

Manager s Agenda #14. A communication transmitted from Louis A. DePasquale, City Manager, relative to Awaiting Report 16-86, regarding a report on which public campaign finance options are legal for municipal elections in Cambridge; and Awaiting Report 17-84, regarding potential plans and options, responsive to community concerns, for creating a program of tax revenue financing for candidates running for City Council and School Committee in the City of Cambridge.

This is a topic that deserves a lot more discussion than was ever permitted in either the NLTP Committee (no idea why it would even be discussed as part of neighborhood and long-term planning or public facilities or arts and celebrations ) or the Government Operations Committee. It s not something Cambridge could even do without approval from the State Legislature and it s not at all clear that such approval would be forthcoming. In addition, there has been no indication of what scale of funding would be asked and that s important in light of the fact that the total campaign expendtitures for the recent City Council election now totals about $600,000 and climbing. The correlation between campaign spending and electoral results is also not at all clear. The cost per #1 vote as of today among successful City Council campaigns runs from a low of $9.75 to a high of $33.50 (these numbers will rise).

It s also worth noting that MANY Cambridge voters are now consulting the Cambridge Candidate Pages and other resources to learn about candidates, and that costs NOTHING. Indeed the number of visitors to the Cambridge Candidate Pages last week went like this: Nov 4: 1,082; Nov 5: 1699; Nov 6: 6,632; Nov 7 (Election Day): 11,058; Nov 8: 3,584; Nov 9: 941. That s a lot of visits for an election that had about 22,600 voters, and the Cambridge Candidate Pages aren t even linked from any City website.

Charter Right #1. That the City Manager is requested to appoint a Transportation Task Force to develop a large and comprehensive street safety and education plan that speaks to the needs of bicyclist, motorists, and pedestrians, and that can be easily disseminated and understood by all citizens. [Charter Right exercised by Mayor Simmons on Oct 30, 2017]

At this point I m leaning toward the belief that we should transition toward a single Transportation Board that has subcommittees for transit, motor vehicles, bicycling, and pedestrians. Single issue advocacy has become King and ideas like balance and collaboration among stakeholders has become all but lost. It s become militant with single-issue advocates using social media to pack any and all meetings. I gave up going to these meetings. It s become just Bad Political Theater at this point and, contrary to claims of relative safety, it s really all about turf establish a beachhead and then defend it even against reasonable criticism.

Order #1. That the City Manager is requested to work with the relevant City departments and report back to the City Council with an update on the City s plans to expand the curbside composting program citywide. Councillor Cheung

Committee Report #1. A communication was received from Donna P. Lopez, City Clerk, transmitting a report from Councillor Dennis J. Carlone and Councillor Leland Cheung, Co-Chairs of the Ordinance Committee, for a public hearing held on Oct 12, 2017 to discuss a Zoning Petition filed by Christopher D. Smith, et al., to create a new Section 13.913 Graduate Student Housing Production Requirement. This petition would require new graduate housing to be built in conjunction with the development of commercial uses in the proposed Planned Unit Development 7 District as well as a phasing plan to implement graduate housing development.

Everyone agrees with the idea that MIT and other universities should provide adequate housing options for their students. As we saw with the recent Volpe Petition, this has been acknowledged by MIT and they are planning accordingly. This Smith Petition, on the other hand, is not only moot but misdirected. Robert Winters


Here s how Dallas stops Big Tex from stomping all over Fair Park and City Hall, Commentary, Dallas News, fair city finance.#Fair #city #finance


Here’s how Dallas stops Big Tex from stomping all over Fair Park and City Hall

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I got into journalism because I was told there would be little math, so bear with me. But I am deeply confused about something.

During Wednesday’s council meeting, Assistant Chief David Pughes, interim leader of the Dallas PD for the last year, said it costs around $3 million to staff the State Fair of Texas with uniformed police officers during the three-week event. Yet the city’s only asking Big Tex to cough up about $1 million “for security, crowd control, perimeter traffic controls and other special services provided during the annual State Fair of Texas.”

It doesn’t take a beautiful mind to see the $2-million-sized hole in that equation.

The Dallas City Council spent a lot of time Wednesday trying to solve that math problem, even going behind closed doors for a little tutoring from Pughes and other city officials. But when the council came back into public’s view, there wasn’t really a good answer about why the fair’s getting such a good deal, other than: Everyone loves the State Fair of Texas, and, look, that’s just the cost of keeping Big Tex from fleeing to Frisco. The alternative view: The State Fair of Texas is a drain on ever-diminishing city resources and a leech slowly killing Fair Park.

The usual, in other words.

So let’s get right to the point: This particular deal — good for the fair, bad for the city, just so we’re clear — is not the State Fair of Texas’ doing. Be ticked all you want at Big Tex, but this is Dallas’ fault.

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Took me a while, but I found out the real reason Big Tex doesn’t have to pay the full $3 million it costs to keep fairgoers safe. Um, it’s right there in the fair’s contract with City Hall.

See, every other group in this city that throws a special event — like the Dallas St. Patrick’s Parade on Greenville Avenue or Dallas Aurora in the Arts District — has to secure a special-events permit from the city. And that permit, which comes with numerous requirements and fees, obligates the event-thrower to pay for cops.

But Pughes told me after Wednesday’s council meeting that according to its contract with the city, which runs through 2028, “the State Fair of Texas does not have to obtain a special-event permit.” That means it’s not required to pay a penny for security.

And that’s very, very good for the State Fair. Because the police department is sending cops to Fair Park even if the fair refuses to pony up so much as a corn dog.

“When you think of everything happening in the country with mass gatherings of people, we would be highly derelict if we said, ‘We don’t think you’re paying enough,'” said Pughes, who didn’t want to be Dallas’ top cop because he hates playing politics with citizens’ safety. “From the police department’s perspective, the money issue doesn’t change how we see the safety plan.”

As my City Hall bunkmate Tristan Hallman recently reported, the city has demanded the State Fair pay a flat fee of $550,000 to cover some DPD overtime costs — some but not all, because all would be in excess of $1.3 million. Karissa Condoianis, the fair’s spokeswoman, told me Wednesday she’s never heard the $3 million figure mentioned at the council meeting. Not once.

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I asked her if the fair would pay that, if asked.

“I think if they bring it to us, we’re going to have to analyze it, because that’s obviously a big figure,” Condoianis said. “But we’re committed to making sure we have the same level of security that keeps the fair safe, and we think the Dallas Police Department is the strongest partner to advance that initiative.”

She didn’t say no. To me, anyway.

There’s plenty to be angry at the fair about. It gobbles up too much fairground for too long. It wasted $30 million on a summer misadventure when it should have spent that money fixing up a Fair Park it used and abused. In the 1960s and ’70s, it destroyed the neighborhood, with the city’s help, when they leveled more than 200 homes around Fair Park. Years later, the fair poured salt in that wound by devouring surrounding properties for parking lots that sit empty 49 weeks out of the year.

And it’s a nonprofit that gave its top executive $708,000 in total compensation in 2015 — $158,000 more than it spent on the cops last year.

Until recently the city just let all that happen, looking elsewhere while the State Fair of Texas big-footed South Dallas and City Hall. As council member Philip Kingston put it Wednesday, “The elephant in the room that no one seems to want to address is the State Fair’s agreement with the city of Dallas is the problem.”

For now. But maybe not forever.

“We’ll be going back to the State Fair revisit this within the next year,” Jon Fortune, the new assistant city manger overseeing the cops, told me late Wednesday about the cost of protecting the fair. “We’ll certainly see how the costs pan out this year and sit down with them again.”

The council’s been told over and over that the city’s contract with the State Fair is non-negotiable. Or, more to the point, that it rigs the game in Big Tex’s favor.

But Fortune and police officials got Big Tex to cough up $1 million. And all they had to do was ask.


Digital Currencies Educational Trade Fair, fair city finance.#Fair #city #finance


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Monday, 23 October 2017

Venue

The Chartered Insurance Institute,

20 Aldermanbury, London EC2V 7HY. Map

Exhibitors

Centre for Citizenship, Enterprise and Governance

City of London Police

Norton Rose Fulbright

Twenty Thirty AG

Speakers

Adam Cleary, Cavenham Capital

Daniel Doll-Steinberg, Blockchainsmokers

Jonny Fry, TeamBlockchain Ltd

Imogen Garner, Norton Rose Fulbright

Vinay Gupta, Mattereum

Jason Inch, Genaro Network

Daniel Masters, CoinShares

Chris Mills, Fintricity

Christopher James Pomfret, BullionCoin

Mette Reitzel, Banyak Films

Edan Yago, Epiphyte

Demetrios Zamboglou, Lykke AG

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Main Sponsor

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Digital Currencies Educational Trade Fair

Monday, 23 October 2017, 13:00-18:00

The Chartered Insurance Institute

The stunning Great Hall of the Chartered Insurance Institute was transformed into an intimate trade fair like no other. Twenty six “token” companies brought their banners, tablets, and other material, respectful of the smaller than usual space allocated to each one. In the spirit of cooperation, vital in this field, they shared tables, as well as their excitement about the road ahead.

The trade fair was officially kicked off by Jeremy Mayhew, the Finance Committee Chairman of the City of London Corporation. Welcomes by Michael Mathias, CEO of DasCoin and Michael Mainelli, Executive Chairman of Z/Yen Group followed. Around 500 people passed through the Great Hall’s doors between 13:00 and 18:00, making this a very successful day indeed.

In the smaller Court Room, Michael Mainelli and Vinay Gupta, founder of Mattereum and Hexayurt.Capital, chaired a series of 12 punchy, educational 10-minute talks. The room was full, with people standing at the sides, throughout the day. We would like to note, here, that every talk ran on time, if not ahead of schedule, a small achievement in itself.

The day also saw the launch of “The London Token Fundraising Manifesto”, published in the early morning edition of City AM.

Just before 18:00 and In front of a packed room, Michael Mainelli and Michael Mathias brought the fair to a close, calling for more cooperation, more self-regulation, and more educational events.

Talks Programme

Adam Cleary, CEO, Cavenham Capital Limited

Mainstream Payments for Token-Based Services

Edan Yago, CEO, Epiphyte

Jonny Fry, CEO, TeamBlockchain Ltd

Mette Reitzel, Documentary Director, Banyak Films

Jason Inch, Co-Lead, Genaro Network

Chris Mills, Associate, Fintricity

Digital Assets – Escape Velocity

Daniel Masters, Co-Principal, CoinShares

Moving Towards the Regulator Meant Educating our Lawyers (video) Fair city finance

Christopher James Pomfret, Narrator, BullionCoin

Imogen Garner, Partner, Norton Rose Fulbright

Alternative Investment: From Bonds to Cryptos or Tokens

Demetrios Zamboglou, Chief Business Development Officer, Lykke AG

Daniel Doll-Steinberg, Cofounder CEO, Blockchainsmokers

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Welcome to, City of New York, fair city finance.#Fair #city #finance


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Mayor Opens One of Largest Manufacturing Spaces in Decades, Building 77 in Brooklyn Navy Yard

NOV 9, 2017-Mayor de Blasio Opens One of Largest Manufacturing Spaces in Decades, Building 77 in Brooklyn Navy Yard READ MORE

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Mayor de Blasio Attends a Tribute for Victims of the Tribeca Terrorist Attack

NOV 6, 2017-Welcome, everyone. We’re gathered for a somber occasion but one that is so important both to the people of Argentina . READ MORE

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Mayor de Blasio, Commissioner O’Neill, Commissioner Nigro and Governor Cuomo Hold Media Availability

NOV 1, 2017-Mayor de Blasio, Commissioner O’Neill, Commissioner Nigro and Governor Cuomo Hold Media Availability READ MORE

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Mayor de Blasio Doubles Planned Senior Housing to 30,000 Affordable Homes

OCT 31, 2017-Mayor de Blasio Doubles Planned Senior Housing to 30,000 Affordable Homes READ MORE

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Mayor Announces Major Investments to Protect the Rockaways from Future Storms

OCT 29, 2017-Mayor Announces Major Investments to Protect the Rockaways from Future Storms READ MORE

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ZAWYA – Middle East s trusted source of business & financial news, city finance.#City #finance


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defence UAE announces $684mln Raytheon laser guided bomb deal

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funds Dubai’s DIFC announces $100mln fintech fund

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retail Dubai Super Sale: Offers up to 90% discount across brands

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environment Iran ends quake rescue operations as hungry survivors battle the cold

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technology INTERVIEW: Klip boss believes he can steer ‘unbanked’ towards digital cash

Special Coverage

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Dubai Airshow 2017

UAE announces $684mln Raytheon laser guided bomb deal

Kuwait airline in draft deal for 25 Airbus A320neo jets

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Louvre Abu Dhabi

In Abu Dhabi, France’s Macron says must remain firm with Iran

UAE leaders and President Macron open Louvre Abu Dhabi

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GCC gears up for VAT

UAE businesses asked to file excise tax returns, pay dues before November 15

All food items to be taxed under VAT in surprise move

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Saudi Transformation

Saudi anti-graft detainees will get due process: Saudi U.N. envoy

Aramco CEO: IPO preparations ongoing, no decision on venue abroad

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Qatar tensions

Eni signs Oman oil and gas exploration deal, Qatari firm to take stake

Qatar real estate slump deepened in October, CPI data shows

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Trump & the Middle East

US signals caution to Saudis despite shared concern about Iran

Trump praises Saudi purge, voices confidence in King, Crown Prince

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World Green Energy Summit 2017

Public-private partnerships need to be fair or face failure

Region needs green bonds to fund renewable schemes, says bank project finance head

Market data

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Markets

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oil and gas Russia’s Rosneft says to invest over $2bln in Egypt’s Zohr in 2018-2021

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oil and gas Eni signs Oman oil and gas exploration deal, Qatari firm to take stake

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Saudi, Dubai marginally higher in early trade

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Dollar underpinned by US yields, sterling steadies

OPEC daily basket price announced for Mon 13 Nov 2017

Qatar developer Ezdan’s sukuk yields spike after S We have no problem with Qatar. It is a complicated subject but Qatar is exporting gas to UAE and Oman and this process has continued which is good, Oman’s oil minister Mohammed bin Hamad Al-Rumhi said at an industry conference on Monday.

Highlights

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uae Airshow: Big Boeing deal but hold ups for Airbus

Insights

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Oil prices hit by profit-taking after funds build record bullish position: Kemp

Hedge funds held a record net long position in Brent on Nov 7.

City finance

Is LNG market narrative of over-supply still valid?- Russell

LNG currently looks much more like an under-supplied market.

City finance

Dubai Airshow has earned its position as a global event

Despite economic and regional concerns, the air show still draws a worldwide audience

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U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia.

City finance

Falling times, rising opportunities in GCC equities

Saudi investors should stick with heavy index-weights


Bill targets – carried interest – loophole to make finance titans pay fair share, Chicago Reporter, fair city finance.#Fair #city #finance


Bill targets carried interest loophole to make finance titans pay fair share

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Photo courtesy of Grassroots Collaborative

Groups demanding an end to the state budget impasse and school funding crisis visit the homes of wealthy political contributors to Gov. Bruce Rauner and Chicago Mayor Rahm Emanuel in a “tax evasion trolley tour” organized by the Grassroots Collaborative.

Social service agencies and public universities in Illinois are on the verge of collapse – while super-wealthy hedge fund and private equity managers (including Bruce Rauner and his top donors) evade millions of dollars in state taxes through an archaic loophole.

Legislation currently under consideration in Springfield would close that loophole and raise at least $473 million a year – perhaps much more – by effectively requiring the titans of high finance to pay income taxes the same way the rest of us do.

At this point it may actually be the most likely prospect for a legislature trying to do something about the state’s budget crisis.

Hedge funds and private equity firms charge enormous performance fees, typically taking 20 percent or more of investment gains. But they list these fees as investment income – even though the income is from investments made with other people’s money. That allows them to pay federal capital gains tax on the money, with a top rate of 20 percent, rather than ordinary income tax, which tops out at 39.6 percent.

It’s called the “carried interest” loophole. The term actually dates to the 16th century, when ship captains would take 20 percent of the profit from the sale of goods they carried; the tax itself was originally created for oil companies nearly 100 years ago.

The loophole costs the federal government at least $18 billion annually, according to Hedge Clippers, a national advocacy group. Many tax experts consider this an illegitimate loophole. It doesn’t make any economic sense – these are not “job creators” who are being encouraged; particularly in private equity, their “destructive” business model involves taking over companies and “outsourcing, cutting jobs, cutting pay, cutting pensions and benefits,” said Michael Kink of Hedge Clippers.

Last year presidential candidate Donald Trump promised to eliminate the carried interest loophole (as did Bernie Sanders, Hillary Clinton and Jeb Bush), but with his administration heavily populated by Wall Street bosses, it now looks like another broken promise.

Nor is Congress likely to act. Since an effort to eliminate the loophole in 2007, hedge funds and private equity firms sharply ramped up political donations. They’re now the top donors to Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan. Instead of paying taxes, these guys buy politicians.

So reformers have taken the fight to the states. Legislation “repatriating” revenue lost to the federal loophole has been introduced in six states. It’s farthest along in the three states with the largest concentration of hedge funds and private equity firms: New York, Connecticut and Illinois. In those states, bills are sponsored by majority party members in each house, and the bills are getting hearings, Kink said.

In Illinois, identical bills sponsored by State Sen. Daniel Biss (D-Evanston) and State Rep. Emanuel “Chris” Welch (D-Hillside) would charge a “privilege tax” of 20 percent on partnerships engaged in investment management services until a federal law with an identical effect is enacted.

Based solely on public filings, Hedge Clippers estimates the bill would raise $473 million a year. The Illinois Department of Revenue estimates that the tax has the potential to raise $1.7 billion a year – but the department also argues that the tax would incentivize firms to find new ways to evade taxation or to “relocate taxable activity so it is beyond the reach of the state.”

Welch said he considers this argument a “scare tactic.” “This is what they always say,” he said. “Chicago is a world-class city, and LaSalle Street is a world-class financial center.” Global financial firms are located in a small number of cities around the world – places where they have access to the talent, clients and ancillary services they need. “That’s the reason they are here,” said Welch. “They’re not going anywhere.”

Welch insists “this is a fair tax” and “a reasonable option.” “These guys need to do a little more to help solve the problems of the state. They should pay their fair share.”

Kink points out that other kinds of investment firms don’t get this tax break, and they remain in Chicago. “I don’t think it’s a credible threat,” he said. Academic research – and experience with tax surcharges on millionaires – has demonstrated that marginal tax rates aren’t a factor in locating business operations, he added.

In addition, the bill is fashioned as a compact: The tax won’t take effect until New York, New Jersey and Connecticut pass similar measures. [This provision was removed in committee from both the House and Senate versions of the bill.]

You might expect that Gov. Rauner would veto the bill. And well he might. But he’s heading into a tough re-election campaign, with precious few accomplishments to which he can point. And he’s got to imagine the potential commercials attacking him for vetoing a measure that would have required millionaires and billionaires – himself included – to pay the same taxes that teachers and truck drivers pay. “It kind of puts him on the spot,” said Kink.

Imagine Rauner taking the moral high ground, calling on his fellow tycoons to pay their fair share – and even to set aside the kind of tax-evasion strategies that aren’t available to the rest of us.

He can afford it, and so can his friends. And soon enough Illinois voters will be deciding whether they can afford Rauner.

This story has been updated since publishing.

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Finance and Administrative Services – Finance and Administrative Services, fair city finance.#Fair #city #finance


Finance and Administrative Services Fred Podesta, Director

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FAS has the most diverse set of responsibilities of any City department, so we’ve organized our website into the four general categories below to help you find the information you need.

Help, Information and Services

Customer Service Bureau

The City of Seattle believes that every person who interacts with City government should receive excellent service. The Customer Service Bureau will make that happen by helping you get information, request services, resolve problems, voice an opinion and submit complaints and suggestions.

Customer Service Centers

Seattle has six Customer Service Centers located throughout the city. These “little city halls” are where you can go to find information about Seattle services and programs. In addition, they provide payment and information services with customer service representatives assisting more than 225,000 residents each year to obtain pet licenses, pay City Light and Combined Utility bills, pay traffic tickets, apply for U.S. passports, or to find information about City of Seattle jobs.

Consumer Protection

You have the right, as a customer, to get what you pay for and to pay a fair fee for services.

The Seattle Consumer Protection Unit regulates certain types of businesses and enforces those regulations. These regulations aim to increase consumer safety and ensure proper charges for certain goods and services. The Consumer Protection Unit regulates:

  • Taxi, for-hire and transportation network companies (TNCs).
  • Limo companies.
  • Tow truck companies.
  • Parking garages and lots.
  • Businesses that use weighing and measuring equipment such as scanners and scales.
  • Businesses that require a regulatory license.

File a Damage Claim

Claims for damages against the City must be filed with the City Clerk’s Office within the applicable statute of limitations. Claims must be filed on the official Claim for Damages form. Visit the City’s Filing a Damage Claim website to learn more.

Public Records / Disclosure

In accordance with the City of Seattle’s commitment to an open and responsive process for public disclosure, we’ve assembled resources for requesting City records. Visit our Public Records Request Center to learn more.

Seattle Animal Shelter

The Seattle Animal Shelter was founded in 1972 to protect public safety and enforce all animal-related ordinances for the City of Seattle. In addition to our primary role, we care for the abandoned, abused and orphaned animals of Seattle. To fulfill our dual missions, we provide eight core services:

  • Enforce animal-related ordinances.
  • Investigate animal cruelty, neglect and abuse.
  • License all cats, dogs, potbellied pigs and pygmy goats.
  • Educate residents about responsible pet ownership.
  • Care for the city’s lost and unwanted animals.
  • Reunite lost animals with their owners.
  • Adopt orphaned animals to suitable homes.
  • Administer a low-cost spay and neuter clinic.

Information for Businesses

Licenses

FAS ensures all businesses operating in Seattle are properly licensed. If you need to get, renew or cancel a Seattle business license tax certificate, or for general business licensing information, visit our Licenses website.

Business License Tax

FAS also ensures all businesses operating in Seattle are paying required business and occupation taxes. The Seattle business license tax is applied to the gross revenue that businesses earn. Visit our Business License Tax website for information about the tax and to pay your taxes online.

Business Regulations

The City of Seattle regulates some business activities. These businesses require both a standard business license tax certificate and a regulatory endorsement on the license. Visit our Business Regulations website to find out if your business requires a regulatory endorsement.

Purchasing and Contracting

City Purchasing and Contracting Services manages bids and contracts on behalf of all City departments and offices using competitive processes to acquire fiscally and socially responsible solutions.

Managing City Assets

Civic Center

The Civic Center is comprised of Seattle City Hall (SCH), the Seattle Municipal Tower (SMT) and the Seattle Justice Center (SJC). The Civic Center replaced the Municipal Building and the Public Safety Building and houses the majority of the City’s downtown work force. The Civic Center website provides an overview of the design and construction of SCH, SMT and SJC.

Fleet Management

The Fleet Management Division (FMD) centrally manages the City fleet to provide quality, cost-effective and environmentally sustainable vehicles and equipment to all City departments. FMD also provides vehicle and equipment acquisition, disposal and motor pool services, as well as replacement and green fleet planning to improve and maintain the quality of the City’s fleet.

Real Estate Services

Real Estate Services (RES) is part of FAS’ Facility Operations Division. RES provides professional and technical real estate services to all City departments. Services include:

  • Excess property reuse and disposition evaluation.
  • Property sale.
  • Appraisal.
  • Leasing.
  • Citywide property database.
  • Citywide real estate policy development.
  • Property acquisition.

Warehousing and Surplus Property

Other than real estate, disposal of all surplus City-owned property and equipment such as furniture, computers, industrial material and street signs is handled through the City of Seattle’s central warehouse. Whenever possible, the City offers this surplus property for sale. For information about City surplus items, visit our Warehousing Services website.

Fire Facilities and Emergency Response Levy

In November 2003, 69 percent of people voting in Seattle approved the Fire Facilities and Emergency Response Levy. This program, which started in 2004, uses levy proceeds and other funding to:

  • Upgrade, renovate or replace 32 neighborhood fire stations.
  • Construct a new training facility and a new Fire Alarm Center.
  • Establish emergency preparedness facilities and disaster response equipment that includes a modern, seismically safe Emergency Operations Center, emergency community supplies, emergency shelter power generators, and emergency water supply capacity for fire fighting in the event the city’s fire hydrants are disabled.
  • Build a new large fire boat, a new small fire boat, and renovate the Chief Seattle fireboat.

New North Precinct Police Station

The existing North Precinct Police Station, built in 1984 to house 154 staff and now home to 254, is badly overcrowded and there is not enough space available to adequately expand it on its current site. The City Council authorized the acquisition of three parcels for a new North Precinct Police Station in December 2013.

Staff from FAS’ Real Estate Services unit were responsible for finding a site for this new police station. Staff from our Capital Development and Construction Management division are responsible for managing the design and construction of this new police station.

City Financial Information

Financial Services

The City Finance Director is located within FAS and oversees functions that ensure the City’s financial health. These functions include managing City debt, purchasing insurance, overseeing City investments and assisting with the development of economic and revenue forecasts, all of which are essential to financial planning and budgeting. Visit the Financial Services website to learn more.

Investor Relations

The City of Seattle issues general obligation bonds to finance various municipal projects and revenue bonds for each of its publicly owned utilities. Visit the Investor Relations page for more information.

Seattle Tax Advisory Group

  • Provides a forum for the City of Seattle and the business community to discuss tax administration and policy.
  • Provides a taxpayer perspective on specific tax issues.
  • Assists in the development of tax policy.
  • Identifies Seattle tax administration improvements.

ZAWYA – Middle East s trusted source of business & financial news, city finance.#City #finance


city finance

City finance

defence UAE announces $684mln Raytheon laser guided bomb deal

City finance

funds Dubai’s DIFC announces $100mln fintech fund

City finance

retail Dubai Super Sale: Offers up to 90% discount across brands

City finance

environment Iran ends quake rescue operations as hungry survivors battle the cold

City finance

technology INTERVIEW: Klip boss believes he can steer ‘unbanked’ towards digital cash

Special Coverage

City finance

Dubai Airshow 2017

UAE announces $684mln Raytheon laser guided bomb deal

Kuwait airline in draft deal for 25 Airbus A320neo jets

City finance

Louvre Abu Dhabi

In Abu Dhabi, France’s Macron says must remain firm with Iran

UAE leaders and President Macron open Louvre Abu Dhabi

City finance

GCC gears up for VAT

UAE businesses asked to file excise tax returns, pay dues before November 15

All food items to be taxed under VAT in surprise move

City finance

Saudi Transformation

Saudi anti-graft detainees will get due process: Saudi U.N. envoy

Aramco CEO: IPO preparations ongoing, no decision on venue abroad

City finance

Qatar tensions

Eni signs Oman oil and gas exploration deal, Qatari firm to take stake

Qatar real estate slump deepened in October, CPI data shows

City finance

Trump & the Middle East

US signals caution to Saudis despite shared concern about Iran

Trump praises Saudi purge, voices confidence in King, Crown Prince

City finance

World Green Energy Summit 2017

Public-private partnerships need to be fair or face failure

Region needs green bonds to fund renewable schemes, says bank project finance head

Market data

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Markets

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oil and gas Russia’s Rosneft says to invest over $2bln in Egypt’s Zohr in 2018-2021

City finance

oil and gas Eni signs Oman oil and gas exploration deal, Qatari firm to take stake

City finance

Saudi, Dubai marginally higher in early trade

City finance

Dollar underpinned by US yields, sterling steadies

OPEC daily basket price announced for Mon 13 Nov 2017

Qatar developer Ezdan’s sukuk yields spike after S We have no problem with Qatar. It is a complicated subject but Qatar is exporting gas to UAE and Oman and this process has continued which is good, Oman’s oil minister Mohammed bin Hamad Al-Rumhi said at an industry conference on Monday.

Highlights

City finance

uae Airshow: Big Boeing deal but hold ups for Airbus

Insights

City finance

Oil prices hit by profit-taking after funds build record bullish position: Kemp

Hedge funds held a record net long position in Brent on Nov 7.

City finance

Is LNG market narrative of over-supply still valid?- Russell

LNG currently looks much more like an under-supplied market.

City finance

Dubai Airshow has earned its position as a global event

Despite economic and regional concerns, the air show still draws a worldwide audience

City finance

U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia.

City finance

Falling times, rising opportunities in GCC equities

Saudi investors should stick with heavy index-weights


ZAWYA – Middle East s trusted source of business & financial news, city finance.#City #finance


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City finance

defence UAE announces $684mln Raytheon laser guided bomb deal

City finance

funds Dubai’s DIFC announces $100mln fintech fund

City finance

retail Dubai Super Sale: Offers up to 90% discount across brands

City finance

environment Iran ends quake rescue operations as hungry survivors battle the cold

City finance

technology INTERVIEW: Klip boss believes he can steer ‘unbanked’ towards digital cash

Special Coverage

City finance

Dubai Airshow 2017

UAE announces $684mln Raytheon laser guided bomb deal

Kuwait airline in draft deal for 25 Airbus A320neo jets

City finance

Louvre Abu Dhabi

In Abu Dhabi, France’s Macron says must remain firm with Iran

UAE leaders and President Macron open Louvre Abu Dhabi

City finance

GCC gears up for VAT

UAE businesses asked to file excise tax returns, pay dues before November 15

All food items to be taxed under VAT in surprise move

City finance

Saudi Transformation

Saudi anti-graft detainees will get due process: Saudi U.N. envoy

Aramco CEO: IPO preparations ongoing, no decision on venue abroad

City finance

Qatar tensions

Eni signs Oman oil and gas exploration deal, Qatari firm to take stake

Qatar real estate slump deepened in October, CPI data shows

City finance

Trump & the Middle East

US signals caution to Saudis despite shared concern about Iran

Trump praises Saudi purge, voices confidence in King, Crown Prince

City finance

World Green Energy Summit 2017

Public-private partnerships need to be fair or face failure

Region needs green bonds to fund renewable schemes, says bank project finance head

Market data

Powered by Thomson Reuters EIKON

Markets

City finance

oil and gas Russia’s Rosneft says to invest over $2bln in Egypt’s Zohr in 2018-2021

City finance

oil and gas Eni signs Oman oil and gas exploration deal, Qatari firm to take stake

City finance

Saudi, Dubai marginally higher in early trade

City finance

Dollar underpinned by US yields, sterling steadies

OPEC daily basket price announced for Mon 13 Nov 2017

Qatar developer Ezdan’s sukuk yields spike after S We have no problem with Qatar. It is a complicated subject but Qatar is exporting gas to UAE and Oman and this process has continued which is good, Oman’s oil minister Mohammed bin Hamad Al-Rumhi said at an industry conference on Monday.

Highlights

City finance

uae Airshow: Big Boeing deal but hold ups for Airbus

Insights

City finance

Oil prices hit by profit-taking after funds build record bullish position: Kemp

Hedge funds held a record net long position in Brent on Nov 7.

City finance

Is LNG market narrative of over-supply still valid?- Russell

LNG currently looks much more like an under-supplied market.

City finance

Dubai Airshow has earned its position as a global event

Despite economic and regional concerns, the air show still draws a worldwide audience

City finance

U.S. crude oil exports to Asia soar, complicating OPEC’s efforts: Russell

U.S. crude oil is flooding into Asia.

City finance

Falling times, rising opportunities in GCC equities

Saudi investors should stick with heavy index-weights


Stats about all US cities – real estate, relocation info, crime, house prices, cost of living, races, home value estimator, recent sales, income, photos, schools, maps, weather, neighborhoods, and more, city finance.#City #finance


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Our data in action. City-Data Blog.

What strange things do people search for on Google? How does income tax affect migration patterns? What features are popular in which type of homes? At the City-Data Blog, our writers utilize data to answer questions you never knew you had. From silly, light-hearted investigations to powerful economic examinations, we cover a range of topics that anyone can enjoy! Our writers, many of them Ph.D. graduates or candidates, create easy-to-read articles on a wide variety of topics.

  • Connected carsNov 13
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  • Are actor names a popular choice for babies?Nov 7
  • Age distribution among same-sex couplesNov 5

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Want to plan a vacation? How about finding something new to do in your own city? Our city guides are for you. Our guides provide general overviews of cities across the U.S., as well as detailed information on specific attractions including museums, dining, nightlife and more. They also include practical advice on local transportation, health and medical services. They’re your go-to resource for getting the most out of any city!

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