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January 4th~ 19~5. - ~Janusry llth, 1955
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<br />55-1 -
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<br /> At a called meeting of the City Colmcil~ held on January 4th, 1954, there were present:
<br /> Fred A. t)~e, B. W. Baker, Frank N. Bili~oly, Jr., George L. Grimes, R.E. Hawks,
<br />
<br /> Pe~ie J. ~ilson~ I.G. Vass, Ciiy ~a~r, ~ R.C. B~clay~ Cily Aito~ey.
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<br /> ~e following call ~or the meet~g was rea~:
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<br /> "You ~e hereby notified t~at a cal~ed meeting of the City Co--nil will ~ held at
<br /> 7:30 P.~., J~u~y 4th, 1955, in the City Council Cheer, to co~ider the following:
<br />
<br /> 1. Repor~ from the City ~ager ~ to the n~ of addition1 revere ~d ~y
<br /> pro~sal or reco~ndation ~ to the~ ~er ~d me~ o~ raising ~e.
<br /> 2. To ~term~e what ~r o~ t~n~ ~y be done to effect econo,s- in the
<br /> City gove~n~.
<br /> 3. To co~ider t~ ~visability o~ a m~era~e sales tax.
<br /> 4. To co~ider proper equitation o~ all re~ estate ~ the Cily o~ Port~outh.
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<br />This meet~g is called by Messrs. R. I~i~ ~th, E. W. ~wrence ~ B.W. B~er,
<br />~hre~ ~rs of the City Cou~iI, ~ ~cord~ce with Secti~ 2~ o~ the Code o~
<br />~he City o~ Port~outh, Virginia 951.
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<br />adopted.
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<br /> The following report from the City Manager was read:
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<br />55-1 "I recommend that the tax levy on real estat~e, tangible Personal proPerty
<br />and m~chinery and tools, within the li~aits of the City of Portsmouth, Virgi nia, for
<br />the year beginning January 1st, 1955, be not increased above the levy for the year
<br />ending December 31st, 1954.
<br /> I recommend that the classification of tangibl~ personal property be the
<br />same as sel forth in the ¥irginia Code.
<br /> I reco~nnend that the classifications for machinery and tools be the same
<br />as set forth in the Virginia Code.
<br />
<br /> I recommend that the license ordinance on gross receipts be amended to
<br />d~ce the maximU~gross receipts for the minimum fee, from $20,000.00 to $5,000.00.
<br /> I estimate that if the above recommendations are put into effect, the revenue
<br />will ~w~rease as follows:
<br /> Tangible proper~y $235,000.00
<br /> License Tax 40,000.00
<br /> 275,000.00."
<br />
<br /> Motion ofMr. Lawrence to suspend the rules ~o hear from anyone who wished to speak, was
<br />
<br /> Mr. ~app, Superintendent of Schools, zpoke, sZating the reasons the School Board would
<br />need ~dditio~l. ~ in the next year's budget.
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<br /> The following people spoke in reference to real estate and pe~sonsl property tax:
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<br /> Clifton Bloom, George Walker, Walter Taylor~ Frank Doleman, A.C. Engram, E.g. Williams,
<br /> F.E. Smith, ~. E~tz, C. Overstreet, S~yder~ F.W. Carlisle, Jnlia Hoarier,
<br /> Stewart, TaLmadge Johnson and J~s G..Holladay Mitchell.
<br />
<br /> Motion of ~&r. Howard that the City ~anager,s reco~m~endation be laid on the table, and
<br />that consideration be give~ ali the suggestions that have he,n made, and that the City Nm~ager investigate the
<br />question of additional revenue needed for ~treet paving and adjnstme~t in salaries and wa~es of city employees,
<br />adopted.and that the public be given due notic~ of the date of the Co, moil meeting to consider additional taxes, was
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<br /> On motion adjourned.
<br />
<br />Approved -
<br />
<br /> President.
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<br /> Portsmouth, Va., January Ilth, 1955.
<br />No meeting was held on this date, beeanse of gbewe~t~ ~,
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