|
March 31,1998
<br />
<br />Therefore, I am recommending an increase in the City's level of funding to
<br />the school system of $75(],000, which represents a 2.9% increase over the
<br />1997-98 level of funding. This level of increase is affordable and
<br />approximates the overall increase in general fund revenues, the source of
<br />City funding for the schools.
<br />
<br /> EDUCATION
<br />
<br />[] Cit'ff aFpropriation ~Tc~i re.hues, e~:;luding Cily
<br />
<br />SUMMARY OF REVENUEINCREASE AND
<br /> AVERAGEIMPACT ON CITIZENS
<br />
<br />As the total revenue summary shows, the total City budget of $294 million
<br />increased a $16.9 million, which represents a 6.1% increase over the prior
<br />year. The major increases arise from the following funds: $5.3 million for
<br />schools, $5.7 million for the City gener~al fund and $2.9 million for Social
<br />Services.
<br />
<br />FY 1997-98 FY 1998-99
<br />
<br /> Variance Percentage
<br />Source Budget Budget + t - Change
<br />
<br />General Fund $134,854,533 140,589,783 5,735,250
<br />
<br />4.3 %
<br />
<br />Social Services 11,666,471 14,520,503 2,854,032 24.4
<br />Community Services Board 9,247,944 9,248,060 116 .0
<br />Debt Service 13,036,761 t 3,897,988 861,227 6.6
<br />Public Utilities t7,489,364 18,856,347 1,366,983 7.8
<br />Grants 3,645,000 3,748,523 103,523 2.8
<br />School Board 79,011,956 84,263,244 5,251,288 6.6
<br />Internal Service Funds 696.160 819,801 123,641 17.8
<br />Other 7,411,733 8.011.195 599,462 8.1
<br />
<br />Total $ 277,059,922 293.955.444 t6.895.522 6.1%
<br />
<br />The fee and tax increases proposed in
<br />
<br />In the General Fund:
<br />
<br />·
<br />
<br />this budget are as follows:
<br />
<br /> An increase in the Machinery and Tool Tax from $2.75 to $3.00 per $100
<br /> of 50% of original cost of equipment,
<br />
<br />· An increase in the charge for Emergency 911 services from $1.75 to
<br /> $2.00 per month, and
<br />
<br />· An increase in the admission fee to the Children's Museum of Virginia
<br /> from $4 to $5 to support the expansion now under way.
<br />
<br />In the Public Utility Fund:
<br />
<br />· An increase in the monthly base water charge from $3.75 to $5.00,
<br />
<br />· An increase in the sewer discharge rate of $ $.90 to $1.12 per 100 cubic
<br /> feet,
<br />
<br />
<br />
|