Minutes 05/14/2019 - Laserfiche WebLink

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May 14, 2019 City Operating Budget  The Ordinances necessary to adopt the Fiscal Year 2020 Operating Budget are attached to this report for City Council action as follows: a) Adoption of an ordinance to amend and re-enact ordinance No. 2018-30 to impose and levy taxes for the Fiscal Year 2020, on real estate, tangible personal property, privately-owned pleasure boats, privately-owned camping trailers and motor homes, and machinery and tools within the City of Portsmouth, Virginia, for the purpose of raising revenue for the support of governmental operations and the public free schools and to pay principal and interest on the public debt. The ordinance re-ordains the current tax on real estate and public service corporations at $1.30 on each $100.00 assessed valuation. b) Adoption of an ordinance to amend and re-ordain article V (Cigarette Tax) of chapter 35 of the Code of the City of Portsmouth, Virginia (2006), as amended (taxation), by amending Section 35-272 to increase the Cigarette Tax by 2.5 mills per cigarette. c) Adoption of an ordinance to amend and reordain article X (Transient Rental Tax) of chapter 35 of the Code of the City of Portsmouth, Virginia (2006) (Taxation), by amending Section 35-441 and 35-442 to increase the Transient Rental Tax and delete an obsolete code reference. d) Adoption of an ordinance to amend Appendix A of the Code of the City of Portsmouth, Virginia (2006) to increase monthly stormwater utility fees as authorized by Section 31.2-26 of said Code. e) Adoption of an ordinance to amend Appendix A of the Code of the City of Portsmouth, Virginia (2006) to decrease the monthly service charge for the collection and disposal of trash and garbage as authorized by Section 16-64 of said Code. f) Adoption of an ordinance approving the Fiscal Year 2020-2024 Capital Improvement Program and appropriating $33,258,355 in the Fiscal Year 2020 Capital Improvement Fund; $38,500,000 in the Fiscal Year 2020 Public Utilities Capital Improvement Fund, and $100,000 in the Fiscal Year 2020 Parking Authority Capital Improvement Fund. g) Adoption of an ordinance approving the Fiscal Year 2020 Operating Budget for the Portsmouth Public School System in the amount of $199,605,957 and appropriating the necessary funds to implement said budget for the Fiscal Year 2020. h) Adoption of a resolution approving the Community Planning and Development 5- Year Consolidated Plan (CP) for Federal Fiscal Years 2019 to 2023 and the Federal Fiscal Year 2019 (City Program Year 2020) Annual Action Plan of the City of Portsmouth, Virginia, and authorizing the City Manager to file documents required to obtain the City’s Community Planning and Development grant entitlements. i) Adoption of an ordinance adopting the Fiscal Year 2020 Classification and Pay Plan for the employees of the City of Portsmouth, Virginia. j) Adoption of an ordinance to appropriate $452,033,481 for the operation of city government during the fiscal year beginning July 1, 2019. Capital Improvement Program  For Fiscal Year 2020, upon adoption by Council, the funding is authorized by appropriation.  Fiscal Years 2021-2024 of the Capital Improvement Program are approved for long-term planning purposes but not appropriated.  The Ordinance necessary to adopt the Fiscal Year 2020-2024 Capital Improvement Program is attached to this report for City Council action as item (f) identified above. Portsmouth Public Schools  The Ordinance necessary to adopt the Fiscal Year 2020 Portsmouth Public Schools Budget is attached to this report for City Council action as item (g) identified above. Financial Impact:  City Operating Budget--By Virginia law, the operating budget must be in balance, with estimated revenues and other funding sources equaling appropriations. The Proposed Operating Budget for Fiscal Year 2020 complies with this law.