JIM19.21 BIERSCHBAUM19.21 -19.21 WATERTOWN19.21 STATE19.21 OF19.21 THE19.21 CITY19.21 MODERATOR19.21 -19.21 Alright.19.21 Welcome,19.86 one20.18 and20.41 all,20.49 to20.73 Watertown's20.89 2,02421.86 State23.38 of23.61 the23.7 City23.86 address.24.18 Thank25.32 you25.48 to25.56 all25.72 those25.96 here26.04 in26.28 attendance26.44 at26.76 the26.84 library27 and27.32 to27.48 those27.56 of27.8 you27.96 watching28.12 on28.52 WCA28.84 TV's29.48 broadcast30.04 of30.6 the30.68 State30.84 of31 the31.08 City31.24 on31.96 our32.2 government32.44 channels,32.92 Comcast33.4 2234.04 or34.44 RCN34.76 13.35.32 I'm36.2 Jim36.36 Bierschbaum,36.6 moderator37.08 of37.48 tonight's37.64 event.37.96 Before38.7 I38.95 introduce39.02 our39.51 city39.74 council39.98 president40.38 and40.78 city40.95 manager,41.19 I41.51 wanna41.59 take41.74 a41.91 moment41.98 to42.23 lay42.3 out42.55 what42.63 you42.78 can42.86 expect43.1 of43.42 tonight's43.59 proceedings.44.23 The45.27 city45.42 council45.74 president46.06 and46.38 city46.55 manager46.86 will47.18 be47.34 delivering47.51 their47.91 address48.06 in48.39 a48.55 moment48.7 and49.42 then49.51 engaging49.83 in50.3 a50.55 discussion50.7 between51.18 the51.51 two51.66 of51.83 them51.98 to52.15 further52.3 elaborate52.7 on53.18 the53.34 state53.51 of53.74 Watertown.53.91 When55.08 they're55.24 through,55.56 I'll55.96 rejoin56.28 them56.68 on56.92 stage57.08 to57.4 begin57.48 our57.8 question-and-answer58.76 segment59.24 of59.72 the59.8 evening59.88 with60.6 questions60.84 already61.32 submitted61.64 by62.04 residents62.28 via62.76 an63.16 online63.4 link.63.88 64.52 For64.52 those64.76 watching65 at65.4 home,65.56 you66.28 can66.44 still66.6 submit66.84 questions67.24 throughout67.72 tonight's68.12 event68.52 by68.76 using68.92 the69.16 link69.32 that69.56 can69.8 be69.96 found70.12 in70.81 the70.97 event71.06 announcement71.61 on72.09 the72.25 homepage72.33 of72.81 the72.97 city's73.13 website,73.53 Watertown-ma.gov.75.3 To77.22 give77.38 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Proakis.106.7 115.04 GEORGE115.04 PROAKIS115.04 -115.04 CITY115.04 OF115.04 WATERTOWN115.04 -115.04 Thank115.04 you.115.2 And,115.36 thank116.56 you116.72 all116.96 for117.12 coming117.28 tonight117.6 in118.16 person118.4 or118.88 on119.2 TV.119.44 Thanks119.92 for120.24 sticking120.48 with120.88 us121.04 as121.2 we121.44 had121.6 to121.84 reschedule122 when122.64 I122.8 got123.36 a123.6 little123.68 ill124.16 on124.4 our124.56 first124.8 planned125.12 date125.52 here.125.76 And127.14 council127.3 presidents127.61 and127.94 I128.09 are128.33 going128.41 to128.53 do128.66 this128.81 similar129.06 to129.38 the129.46 way129.53 we129.69 did129.85 last130.01 year130.25 which130.57 is,130.74 we131.06 have131.22 some131.46 presentation131.62 slides132.25 and,133.29 we're134.01 going134.33 to134.57 share134.9 our135.29 perspective135.53 on136.01 the136.18 state136.25 of136.5 the136.57 city.136.66 I'm138.01 going138.33 to138.66 dive138.81 into139.06 the139.29 details,139.46 the139.94 council139.94 president's140.25 going140.66 to140.9 join140.97 me141.29 through141.53 that142.09 process.142.33 So142.85 first143.01 of143.13 all,143.25 I143.41 just143.65 wanna143.81 say144.13 welcome,144.45 and145.01 thank145.25 you145.41 for145.57 being145.73 here.145.97 And146.61 I146.73 want146.85 to147.09 start147.25 by147.57 turning147.73 it147.97 over148.13 to148.29 the148.45 council148.53 president148.93 for149.33 a149.81 moment150.05 to,150.61 provide151.09 some151.49 opening151.73 remarks.152.05 Thank152.45 you.152.61 MARK153.65 SIDERIS153.65 -153.65 WATERTOWN153.65 CITY153.65 COUNCIL153.65 PRESIDENT153.65 -153.65 Thank153.65 you.153.89 Welcome154.13 everybody154.45 here155.01 at155.25 home.155.41 Thanks156.37 for156.69 coming156.93 back157.25 a157.65 second157.81 time.158.13 If158.53 you158.82 tried159.14 to159.22 log159.47 on159.71 the159.94 last160.03 time160.26 and160.5 didn't160.99 realize161.31 we161.71 weren't161.86 gonna162.03 have162.26 our162.42 our163.14 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a257.18 preamble257.33 which257.89 really258.38 lays259.67 out259.83 essentially260.39 a260.79 vision260.95 statement261.35 for261.75 the261.91 future262.07 of262.47 Watertown.262.63 And263.51 as264.15 it264.39 says,264.55 the264.79 guiding264.95 principles265.27 of265.75 civic265.91 environmental266.31 and266.87 environmental267.19 stewardship267.75 in268.23 the268.39 Home268.47 Rule268.71 Charter268.87 highlight269.27 the269.67 need269.83 to270.31 prioritize270.47 safety271.27 and271.59 tranquility,271.75 health272.76 and273 well-being,273.17 education273.88 and274.44 excellence,274.61 creativity275.25 and275.81 innovation,275.96 equity277 and277.32 diversity,277.49 and277.96 accountability278.2 and278.85 transparency.279.08 280.52 The280.52 preamble280.69 then281.25 notes281.56 that281.88 taking282.13 together,282.52 these283.64 principles283.88 yield284.44 vibrant284.93 and285.25 welcoming285.4 neighborhoods,286.04 high286.61 quality286.85 and287.17 inclusive287.4 schools,287.88 transparent288.82 and289.14 accountable289.3 municipal289.78 operations290.42 including290.98 performance291.46 excellence,291.94 responsiveness293.38 and294.74 collaboration,294.9 and295.86 thriving296.18 local296.66 businesses.296.98 So297.78 if297.94 you298.1 take298.26 the298.5 lists,298.74 those299.22 two299.38 lists299.62 and299.86 sort300.02 of300.18 bring300.34 them300.58 together300.82 from301.63 the301.79 safety301.94 and302.35 tranquility302.5 to303.06 the303.23 thriving303.38 local303.87 business,304.19 you'll305.31 see305.63 a305.79 lot305.87 of306.11 these306.26 themes306.5 that306.82 come307.06 up307.31 and307.47 connect307.71 with308.11 some308.35 of308.5 the308.59 other308.75 ways309.38 that309.71 we309.94 talk310.11 about310.26 and310.59 organize310.82 some311.23 of311.47 our311.63 thoughts311.79 here312.19 in312.43 Watertown.312.59 The313.8 second313.96 document314.36 we314.76 look315 at315.16 is315.4 an315.8 annual316.12 document.316.52 It's316.92 the317.16 budget317.32 priorities317.72 established318.52 by319.08 the319.24 city319.48 council.319.72 And320.92 this321.08 is321.32 I'm322.12 not322.44 expecting322.76 anyone323.16 to323.64 read323.8 these324.2 3324.52 pages324.76 I'm325.16 putting325.32 up325.64 here.325.72 325.88 SIDERIS325.88 -325.88 I325.88 wanna325.96 mention326.2 that326.44 this326.6 for326.84 those327 at327.24 home,327.4 that327.72 this327.96 will328.12 be328.28 on328.44 the328.52 website328.68 tomorrow.329.08 329.62 PROAKIS329.62 -329.62 Oh,329.62 sure.329.69 Yes.329.94

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highlight380.05 a380.61 few380.77 of381.01 them.381.17 382.93 The382.93 first384.29 are385.31 essentially385.55 a386.75 series386.9 of387.31 goals387.46 for387.79 the387.94 revenue388.11 side388.5 of388.75 the388.82 budget,388.9 and389.31 the389.55 first389.63 most389.87 significant390.11 one390.75 is391.55 proceeding391.79 with392.19 the392.35 guidelines,392.5 the392.99 strategic393.38 framework393.94 for394.35 economic394.5 development394.99 with395.46 a395.63 long-term395.94 goal396.19 of396.5 promoting396.82 a397.31 diversified397.46 and398.19 growing398.43 tax398.82 base,399.06 and399.83 a399.91 renewed400.15 focus400.63 on400.95 small401.11 business401.43 retail401.75 corridors402.15 and402.55 emerging402.71 industry403.11 clusters.403.59 So403.99 that404.15 means404.31 that404.55 we're405.91 focusing406.23 on406.63 the406.79 tax406.95 base407.19 as407.43 a407.59 whole,407.67 and408.15 a408.39 lot408.47 of408.63 that408.79 in409.11 recent409.27 years409.59 has409.91 been410.07 our410.23 life410.39 science410.55 labs410.95 that411.19 have411.35 grown411.51 the411.75 tax411.83 base412.07 significantly.412.31 But413.99 we're414.23 also414.39 ensuring415.44 that415.75 we're415.92 also416.15 focused416.39 on416.79 small416.95 business,417.27 on417.68 retail417.83 quarters,418.31 and418.71 on418.95 the419.12 newer419.35 industries,419.75 some420.63 of420.79 the420.88 climate421.04 tech421.35 industries,421.68 and422.07 other422.15 things422.31 that422.56 are422.71 also422.88 coming423.12 to423.35 Watertown423.44 now423.91 in424.07 addition424.24 to424.56 those424.71 life424.88 science425.12 labs.425.44 When426.31 you426.56 look426.63 on426.95 the427.12 side427.89 that428.21 describes428.45 how428.85 we429.09 should429.17 prioritize429.49 putting430.13 our430.37 budget430.53 together430.85 and431.25 expending431.49 funds,431.89 for432.77 the433.01 last433.09 two433.33 years433.49 the433.89 number434.13 one434.37 goal434.69 on435.25 the435.41 budget435.57 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the521.54 council521.7 budget522.02 priorities522.34 happen522.82 every523.14 year523.38 and523.7 while523.94 the524.18 charter525.05 principles525.38 are526.1 values526.58 that527.05 stand527.3 with527.54 us527.7 for528.1 a528.65 long528.82 period529.13 of529.38 time,529.54 these530.34 have530.58 evolved530.82 a531.22 little531.38 bit531.54 over531.77 the532.01 last532.1 two532.34 years532.5 as532.82 necessary.532.98 But533.62 the534.34 core534.58 of534.82 them534.98 have535.22 been535.38 the535.54 same.535.7 Fiscal536.25 stability,536.74 mitigation,538.31 and538.87 resiliency539.11 on539.75 climate,539.91 a540.95 commitment541.03 to541.43 planning,541.59 ensuring542.47 our542.95 organization543.19 is543.83 effective,543.99 and544.55 building544.71 for545.03 the545.27 future,545.35 both545.75 that545.91 building546.15 for546.47 the546.63 future546.71 school547.11 program547.43 as547.91 well548.15 as548.39 looking549.35 at549.67 our549.83 capital549.99 planning550.47 as550.79 a550.91 whole551.03 to551.27 build551.35 for551.59 the551.75 future.551.91 551.91 Put552.6 those552.84 pieces553.08 together553.55 and554.36 that554.6 describes554.84 the555.32 way555.39 that555.63 we555.72 work555.88 to556.2 be556.27 effectively556.43 serving557.08 our557.48 residents.557.63 So559.39 for559.79 tonight,559.96 what560.67 I560.91 wanted561.08 for561.55 the562.03 council562.6 president563.08 tonight563.48 to563.88 do563.96 is564.43 to564.6 walk564.84 through565.08 the565.32 five565.48 strategic565.72 priorities566.36 and567.2 provide567.36 an567.6 update567.92 on568.32 where568.72 things568.96 stand569.28 with569.6 each569.76 of570 them.570.08 And570.72 certainly,570.96 you572 can,572.08 feel572.72 free572.96 to573.2 we'll573.68 jump574 back574.24 and574.4 forth574.56 a574.88 little574.96 bit575.2 as575.36 we575.52 do575.68 this.575.76 I576.96 want578.24 to578.56 start,578.8 with580.43 fiscal580.67 stability581 by581.88 sharing582.2 some582.51 economic582.84 data583.32 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