Minutes 04/28/2020 - Laserfiche WebLink

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April 28, 2020  The 2005 Amendments and Section 35-9 of the Portsmouth City Code require that the city annually establish a personal property tax relief percentage such that the total relief provided to qualifying taxpayers will exhaust the funds to be allocated to the locality by the Commonwealth. Discussion:  With the assistance of the City Treasurer and the Commissioner of the Revenue, a personal property tax relief percentage of 53% has been calculated as sufficient to exhaust the state funds expected to be allocated to the city of Portsmouth for calendar year 2020. Financial Impact:  Adoption of the 53% rate will have minimal impact on the City’s budget. Recommended Action:  Adoption of the ordinance. Next Steps Following Council Action:  Application of the tax relief credit to personal property tax bills will be performed by the City Treasurer’s Office upon adoption of this ordinance. Motion by Mr. Clark, and seconded by Ms. Lucas-Burke, to adopt the following ordinance, and was adopted by the following vote: “ORDINANCE ESTABLISHING A PERSONAL PROPERTY TAX RELIEF PERCENTAGE OF 53% FOR CALENDAR YEAR 2020 PERSONAL PROPERTY TAX BILLS.” Ayes: Battle, Clark, Glover, Lucas-Burke, Moody, Psimas, Rowe Nays: None 20 - 115 - Adoption of an ordinance transferring $899,639 from completed Portsmouth Public School Projects in the FY 2020 Capital Improvement Fund Budget to ongoing and future Portsmouth Public School Projects in the FY 2020 Capital Improvement Fund Budget. Background:  Residual funds remain on several completed Portsmouth Public School CIP projects  These funds are eligible for re-appropriation to ongoing and future school CIP projects Discussion:  The following Portsmouth Public School CIP projects are complete: Westhaven Elementary Roof Replacement, Brighton Elementary Roof Replacement, Woodrow Wilson High School Roof Replacement, Mt. Hermon Elementary Roof and HVAC Replacement, Woodrow Wilson High School PA System Replacement, and the James Hurst Elementary/Churchland Primary and Intermediate School Classroom Renovations.  Residual funds from these projects would facilitate other school CIP projects.  The Churchland High School HVAC Replacement project is in phases (2b/2c). Residual funds would provide for additional inspections as required and project contingencies  Portsmouth Public Schools have a number of CIP projects such as rehabilitation of the tennis courts at IC Norcom and Churchland High Schools that have been requested for the current school year.  Staff will work with the Operations Division of the Portsmouth Public Schools to prioritize and implement their CIP projects.