Minutes 04/21/1992 - Laserfiche WebLink

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The Virc governments ~ raise funds r stormwater ut drainage syst sewer system. and the proce purposes. T~ churches, and I am re¢ each resident $3.50 and ea¢ $7.00 per mor without impr¢ order to dete performing ti stormwater ut structure wi] properties, t will be base~ It is re service, Sate service be i~ impose some ~ Newport News The rec( except for th remote contrc the monthly k entirely ded~ capital imprc The incJ $1,857,000. proposed sate recent bond r Fund to thee on debt are e the resources levels contin future. Portsmo friendly" Cit reduced in tb and more boat our marinas, related servi For some the presence a personal pr law last year privately own this year, th $100 valuatio that RV owner travels, and valuable bene April 21, 1992 inia General Assembly has authorized local o establish a stormwater utility as a mechanism to eeded to comply with the new requirements. A ility is a way to fund the costs of operating a em, similar to the charges made to operate a sanitary Fees collected will be paid into a separate fund eds will be used only for stormwater management e fees charged will apply to residences, businesses, government properties~ ommending that an interim fee be established whereby ial unit in Portsmouth wOuld pay a monthly charge of h commercial and industrial property would be charged th. No fee would be imposed on vacant property vements. A detailed rate study will be required in rmine a permanent rate structure. The cost of e rate study will be paid from the proceeds of the ility. It is likely that the permanent rate 1 include a Uniform monthly charge for residential ut charges for commercial and industrial customers on the amount of impervious area on each property. CABLE TELEVISION UTILITY TAX commended that a utility tax on cable television ilite Master Antenna Systems (SMATV) and cable radi° plemented. A number of other Virginia localities orm of tax on cable customers, including Norfolk, Richmond, and Charlottesville. mmended rate is 7% of the customer's monthly bill, at portion of the bill which is charged for rental of 1 tuning devices. For ~a customer with basic service, ill increase will be $1;37. This new taX will be cated to the increasing cost of debt service on vements. DEBT SERVYCE ase in debt service from the current year is Without the additional resources provided by the llite/cable tax, as well as the savings from the efunding, a much larger transfer from the General sbt~Service Fund would have been required. Payments scalating more rapidly than we are able to repay from already dedicated for debt service. If debt service ue to rise, a tax increase will be necessary in the TAX ON BOATS AND RECREATIONAL VEHICLES ~h has successfully established itself as a~"boater over the past several years. The boat tax was mid-1980's and again last year. As a result, more owners are registering in our City and patronizing estaurants, entertainment establishments and marine ~es. time, we have been specifically asked to recognize Df recreational vehicle (RV) owners in our City with Dperty tax reduction'. The General Assembly passed a permitting such a personal property tax reduction on ~d camping trailers and motor homes. I am pleased erefore, to recommend a tax reduction to $1.50 per for RV's. Based on this action, I am confident will be good ambassadors for Portsmouth in their will likewise reap indirect but very positive and fits.