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February 23, 2026

February 23, 2026

Detroit Financial Review Commission

CITY of DETROIT REGULAR MEETING

Monday, February 23, 2026, at 1:00 p.m.

Via Microsoft Teams

MINUTES

  1. Call to Order
    1. Chairman, Kevin A. Smith called the meeting to order 1:01 p.m. 
    2. Let the record show that a quorum was present.
  2. Approval of Proposed Minutes from the January 26, 2026, Meeting
    1. Motion made by Commissioner Stoudemire and supported by Commissioner Walsh to approve the draft minutes of the commission’s January 26, 2026, city meeting.  The commission approved the minutes as presented.
  3. Executive Director’s Report
    1. Patrick Dostine, Executive Director, informed the meeting that in reviewing the City’s monthly report, ending December 31, 2025, the city remains in good standing with the Financial Review Commission and remains in compliance with all statute relative to the waiver.  
    2. Mr. Dostine also reported to commissioners about the city’s February revenue estimating conference, noting it was held this month. He gave a brief synopsis of the conference noting that the conference principals unanimously adopted the city’s estimates for FY’27-FY’30; speaking specifically about changes since September’s revenue estimating conference, the city revised up, from September, total general fund revenue for FY26 $18.4 million.
    3. General fund revenues are expected to be flat year over year from FY26 to FY27. Then ticking up in FY28 through FY30, a growth rate ranging between 2.2% and 2.7%.
    4. Mr. Dostine further noted that Gabriel Roeder Smith has released the annual actuarial valuations for police and fire and general retirement, noting that for the Police and Fire legacy plan, the city will contribute $80.5 million in FY 27. The plan paid-out $284.8 million in benefits during 2025, and as of June 30, 2025, the funding ratio is 73.86%.  For General Retirement legacy plan, the city will contribute $86.1 million in FY 27. The plan paid-out $215. 6 million in benefits during 2025, and as of June 30, 2005, the funding ratio is 61.8%.  Copies of the report will be distributed to the commission with the slide deck when they are delivered to the FRC’s offices.
    5. He also informed the meeting that a special committee met on Feb 5 to consider the re-appointment of seven directors from the previous administration at the city, and they were all re-appointed.  They are:
      1. Conrad Mallet, director corporation counsel
      2. Alexia Bush, Dir of planning and development
      3. Julie Schneider, Dir of housing and revitalization department.
      4. Todd Bettison, police chief
      5. Charles Simms, fire commissioner
      6. Denise Starr, director of human resources
      7. Tonya Stoudemire, chief financial officer.
    6. He stated that appointing a CFO satisfies the requirement in Sec 8(3) of the Michigan Financial Review Commission Act. The position of CFO cannot be vacant for more than 180 days.
  4. New Business
    1. None
  5. Old Business
    1. None
  6. City’s Financial Report for December 31, 2025 – FYI Only
    1. Deputy CFOs in the OCFO’s office, Donnie Johnson and Valerie Agolli gave an overview of above-mentioned financial report and addressed questions from the commissioners.
  7. Public Comment
    1. Michelle George
    2. William Davis
  8. Next Meeting Date
    1. City Regular Meeting: Monday, March 30, 2026, at 1:00 pm. using Microsoft Teams.
  9. Adjournment
    1. Motion made by Commissioner Blaskiewicz and supported by commissioner Flood to adjourn, there being no further business, the meeting adjourned at 1:40 p.m.

Roll Call

Members Present – 6

  • Dr. J. Barnwell
  • David Blaskiewicz
  • Jen Flood
  • Kevin A. Smith
  • Tanya Stoudemire
  • John Walsh

Members Absent –5

  • Hakim Berry
  • Ms. McClendon
  • Ron Rose
  • James Tate
  • Dr. Nicholai Vitti