Minutes 04/24/2007 - Laserfiche WebLink

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April 24. 2007 Financial Impact: . By law, the operating budget must be balanced with estimated revenues and other funding sources equaling appropriations. The Proposed Operating Budget for fiscal year 2008 complies with this law. Staff Recommends: Adoption of the following proposed ordinances. Vision Principles: Bold New Directions, World Class Maritime Center, Thriving Neighborhoods and a Sense of Community, A Robust and Prospering Economy, Lifelong Learning, and Pride of Past, Promise of Future: a. Adoption of an Ordinance imposing and levying taxes for each Fiscal Year beginning July 1st and ending June 30th, unless otherwise changed by Council, on real estate at a rate of $1.26 per $100 of assessed valuation, and on tangible personal property, privately-owned pleasure boats at a rate of $.50 per $100 assessed value, privately-owned camping trailers and motor homes, and machinery and tools within the City of Portsmouth, for the purpose of raising revenue for the support of governmental operations, the public free schools, and to pay principal and interest on the public debt. b. Adoption of an Ordinance to appropriate $555,151,399 for the operation of City Government during the Fiscal Year beginning July 1, 2007 and ending June 30, 2008. c. Adoption of an Ordinance adopting the FY 2007-2008 Classification and Pay Plan for Employees of the City of Portsmouth, Virginia. d. Adoption of an Ordinance to amend Chapter 16 of the City Code pertaining to rates for solid waste collection services. e. Adoption of an Ordinance to amend Chapter 31.1 of the City Code pertaining to stormwater utility fees by increasing the equivalent residential unit (ERU) monthly rate for residential and non-residential accounts from $5.00 to $5.50 per ERU. f. Adoption of an Ordinance to amend Chapter 38 of the City Code pertaining to rates for water and sewage disposal services. g. Adoption of an Ordinance to amend Chapter 25 of the City Code pertaining to golf fees. Next Steps Following Council Action: . The City Manager has ultimate responsibility and authority for implementation of the Annual Operating Budget. The Chief Financial Officer has day-to-day responsibility for ensuring the budget is spent as appropriated by the City Council. 1. Charles Whitehurst, 342 Worthington Square, spoke in opposition to the proposed budget. 2. Ron Evans, 14 Chippewa Trail, spoke in opposition to increase in real estate tax rate. 3. Mark Geduldig-Yatrofsky, 363 Middle Street, voiced his support the increase in the boat tax. 4. Steve Carroll, 3112 Riveredge Drive, spoke in opposition to the increase in real estate tax rate. Motion by Ms. Psimas, and seconded by Mr. Moody, to adopt the following ordinance, and was adopted by the following vote: