Laserfiche WebLink
ORDINANCE NO. 2026-44 <br />AN ORDINANCE TO APPROPRIATE $598,146,297 FOR THE OPERATION OF CITY <br />GOVERNMENT DURING THE FISCAL YEAR BEGINNING JULY 1, 2026. <br />BE IT ORDAINED by the Council of the City of Portsmouth, Virginia: <br />1. That the Fiscal Year 2027 Operating Budget for the City of Portsmouth, Virginia is <br />hereby approved. <br />2. In order to provide the requisite funds for said operating budget, the following sums are <br />hereby appropriated from the following revenue sources to the following fund categories for the fiscal <br />year beginning July 1, 2026 and ending June 30, 2027: <br />100 General Fund Revenues <br />Real Property <br />143,230,459 <br />Personal Property <br />38,436,202 <br />Other General Proper <br />10,982,262 <br />Utility Taxes <br />14,226,081 <br />Other Local Taxes <br />41,889,958 <br />State Non -categorical <br />29,869,292 <br />State Shared Expenses <br />11,685,915 <br />State Categorical Aid <br />29,511,096 <br />Charges For Services <br />6,290,233 <br />Revenue from Use of Money <br />6,000,000 <br />Fines and Forfeitures <br />598,266 <br />Miscellaneous Revenue <br />1,561,232 <br />Recovered Costs <br />2,796,565 <br />Licenses And Permits <br />1,337,911 <br />Use Of Property <br />432,896 <br />Payment In Lieu Of Taxes <br />2,316,180 <br />Local Funding -Fund Balance <br />13,834,851 <br />Operating Transfers In <br />5,793,785 <br />Total Appropriation <br />$360,793,184 <br />