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November 12, 1924
<br />
<br />from capital accouut.
<br />
<br /> The increase in the estimate for Public Service is necessary for the operation of
<br />the new market which will, however, be self-supporting.
<br />
<br /> The lsmge increase in ~he estimate for Intersst and sinking fund, amounting to over
<br />$~0,OO0.00 should be borne in mind and it must be realized.that bonds can not be issued without
<br />making provision for interest and sinking fund.
<br />
<br /> It~costs the Oity $?O,000.O0 a year approximately to carry a bond issue of $1 000,000.
<br />This, on our present assessment, means an increase in the tax rate of eighteen cents. ~uring
<br />the past year bonds aggregating over $1,300,000.00 have been issued and provision must also be
<br />made for the City, s share of interest on the cost of construction of the Dismal Swamp Road.
<br />
<br /> The increase under the head Miscellaneous is ~e to the prgposed appropriations for
<br />the Norfolk-Portsmouth.Traffic Commission and for the Norfolk-Portsmouth Industrial Commission
<br />and the addition of one employee in the Department of Transportation.
<br />
<br /> The increase in the current expenses of the Water Depsmtment is due entirely to the
<br />increase in fixed charges covering interest and sinking fund.
<br />
<br /> The estimated~income from all sources for the 0ity proper on a $2.10 tax rate is
<br />$1,328,~00.00. The large increase in total estimated revenue in 1925~as competed with 1924
<br />is due to an anticipated income of $30,000.00 from the N~rket and of'$185,000.00 from the
<br />ferry. It is to be noted, however, that this la~ge increase from the ferry will be for 1925
<br />only as it includes six months increase carried over from 1924. The budget as estimated will
<br />leave a small surplus of about $6,000.00. I again stress the necessity of the most strenuous
<br />efforts in the collection of taxes and urge that the law relative thereto be strictly enforced.
<br />
<br /> It is also well to s~in note that a fruitful source of deficit is the special ap-
<br />propriation end for that reason no such appropriations~shou!d be made during the y~ar except
<br />when absolutely necessary."
<br />
<br /> On motion, the submitted budget was ~eferred to the Finance 0ommittee.
<br />
<br />UNFINISHED BUSINESS
<br />
<br /> The following ordinance, which had been placed on its first reading October 28th, was
<br />taken up and read:
<br /> AN ORDINANOE TO AMEND ANDRE-ORDAIN SECTION 148OF THE CITY CODE.
<br /> On motion of Mr. Hall, the ordinance was adopted, and by the following vot$:
<br />
<br /> Ayes-- Brooks, Hall, Oas~, Smith, Stewart (J.R.),
<br /> Stewart.(R.E.B.), White, ?.
<br /> The following ordinance, which had been plaoed on its first reading, was taken up and read:
<br /> AnOrdinan~e Prescribing Rules aud Regulations Governing Muniol~a~..1 Markets.
<br />
<br /> Mm. Brooks ~oved that section 2 be amended by adding to the following: "subject to appeal
<br />to the Oity~Manager." The amendment w~s adopted.
<br />
<br /> N~. Brooks.moved that in section % the word "may" be substituted for "will" in the last
<br />sentence. The amendment w~s ad~Oted.
<br /> in Section ~'
<br /> Mm. Stewart (R.E.B.) moved that/#tO:OO P. M." be substituted for "9:00 P. M.# The amend-
<br />ment was adopted.
<br />
<br />Mm. Brooks moved that in the second par~raph of Section 16 the word "Sundays" be added.
<br />The motion was adopted.
<br />
<br /> Mm. Smith moved that section 26 be amended by adding the following: "unless permission
<br />is given by.~he. Director of Public Welfare." The amendment was adopted.
<br />
<br />Mr. Brooks moved that the word #Oommercial" be added before the word #vehicles# in Section
<br />The motion was_adopted.
<br />
<br /> Under "Rules Governing Farmers in Market Pre&tin. ors," Section ~, Mr. Brooks moved that the
<br />words "unless authorized by the 0bier of the Bureau" be added.
<br /> The amendment~was adopted.
<br />
<br /> In the last sentence, paragraph 2, of ,General Provisions,# Mr. Brooks moved that the word
<br />"may" be substituted for the word "shall." The amendment was adopted.
<br />
<br /> t amended, and same was adopted,
<br /> Then Mr. Brooks moved that the ordinance be adop ed, as
<br />as amended, andby the following vote:
<br />
<br />Ayes-- Brooks, Hall, Cast, Smith, Stewart (J.R.),
<br /> Stewart (R.E.B,), White, ?;
<br />
<br />The following ordinance, which had been placed on its first reading September 23rd, w~
<br />ts~enupand read: .
<br /> An Ordinance to Amend and Re$ordain Sectien ~ of an Ordinance Entitled,
<br />"An Ordinance Fixing the Terms of 0onsen~ for ~he Operation of Auto Busses in the Oity of Ports-
<br />mouth, Virginia,~ and Ordinances Amendatory Thereof Relating to Routes and Terminii of Jitneys.
<br />
<br />On motion of Mr. Brooks, the privilege of the floor was granted to any one interested in
<br />
<br />
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