Laserfiche WebLink
The <br />represeni <br />Financial <br />Governmer <br />the curre <br />the Schoo <br />level of <br />allocatin <br />General F <br />Increase <br />lease/pur <br /> <br />591 <br /> <br />April 30, 1991 <br /> <br />Revenue f <br />State Sc <br /> <br />Revenue <br /> Federal <br /> <br />Revenue <br /> City Fun <br /> <br />increase in the local share gf the Schools' bud <br /> the only increase in any School Board revenue <br />support fr6m the State Government, the Federal <br />~, Sales Tax, and other funding sources are ali <br />nt year; Therefore, the increase in the ulty e <br />1 s Budget represents the strongest commitment <br /> overnment to education. With this increase, % <br /> to schools 66.9% of all new expendable revent <br />nd. Included in their budget is a 1% General <br />for all school employees, as well as funds for <br />~hase of new 's'ch~ol~b~s~s.~-' <br /> <br />get <br />category. <br /> <br />down from <br />share of <br />of any <br />e are <br />e in the <br />Wage <br /> <br /> Sources of Funding for Schools <br />1990-91 1991-92 AMOUNT <br />BUDGET PROPOSED OF CHANGE <br /> <br />rom $42,590,332 $40,905,06~ $-1,685,268 <br />heel Funds <br /> <br />rom <br />Funds <br /> <br />rom <br />ds <br /> <br />1,390,000 1,350,000 - 40,000 <br />25,413,486 26,313,501 900,015 <br /> <br />% CHANGE <br /> <br />-3.96% <br />-2.88 <br />+3.54 <br /> <br />Revenue ~rom <br />State Slles <br />Revenue Jrom <br />Other Funds <br /> <br />Total Rev <br /> <br /> The <br />new stra' <br />among th~ <br />businesse <br />retention <br />them to ~ <br /> <br /> The <br />consider. <br />They will <br />part of <br /> <br /> 8,406,841 8,293,845 - 112,996 <br />Tax <br /> <br /> 844,000 804,000 - 40,000 <br /> <br />-1. ~4 <br /> <br />-4. 74 <br /> <br />-1. 24% <br /> <br />enue $78,644,659 $77,666,410 $- 978,249 <br /> Business Retention/New Strategies <br /> <br />Department of Economic Development has instituted several <br />egies designed to increase b~siness investment~ Foremost <br />se is a new emphasis on the retention of ex~st~ng <br />s. The Department is workln~ aggressively o~ ~he C~ty s <br />efforts, calling on Portsmouth businesses and alerting <br />he services offered. <br /> <br />staff of the Economic Development Department w~ll devote <br />ble time to "getting the wor~" out about Portsmouth. <br />-participate in.three industry trade shows this year as <br />he Virginia Team, a voluntary alliance of econ6mic <br /> <br />development agencies throughout the COmmonwealth that w~rk <br />together to promote Virginia as a business location. T~am members <br />attend v~rious trade shows~ a~d talk ~i~h exhibitors to ~scertain <br />their expansion plans aJ~' pJ~o~'"t~-~vantages of a V~rginia <br />location~ New marketing materials, including brochures~ fact <br />sheets, and folders are being prepared to establish a u~iform look <br />and pres. nt a more professional imageI. ' <br /> <br /> Personnel Management I <br /> <br />Las year I committed to the elimination of a minimum of <br />position to assist in controlling personnel costs. To, date, 35 <br />position have been eliminated, and a portion of the sa~ings <br />returned to the departments to maintain effective level~ of <br />programs and services. The Workfo~c~ Management meth~dlhas been a <br />major co tributor in enabling our ui~y to avoid layoffs during <br />fiscalthese difficulty ar. economic times, and Will continue in th~ coming <br /> <br /> <br />