Minutes 05/14/2024 - Laserfiche WebLink

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May 14, 2024 a) Adoption of an ordinance to amend and re-enact Ordinance No. 2023-34 to impose and levy taxes for the fiscal year beginning July 1, 2024 and ending June 30, 2025, 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. b) Adoption of an ordinance to amend Appendix A of the Code of the City of Portsmouth, Virginia (2006) to increase rates for water and sewage services as authorized by Sections 38-83 and 38-117 of said code. c) Adoption of an ordinance to amend and reordain Appendix A of the Code of the City of Portsmouth, Virginia (2006) for the purpose of modifying fees for Bide-a-Wee Golf Course. d) Adoption of a resolution approving the Community Planning and Development 5- year Consolidated Plan (CP) for federal fiscal years 2024 to 2028 and federal fiscal year 2024 (city program year 2025) 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. e) Adoption of an ordinance adopting the FY 2025 Classification and Pay Plan for employees of the City of Portsmouth, Virginia. f) Adoption of an ordinance approving the Fiscal Year 2025-2029 Capital Improvement Program and appropriating $103,112,200 in the FY 2025 Capital Improvement Fund, subject to the receipt of the means of financing designated herein. g) Adoption of an ordinance to provide taxpayers with real estate tax relief in the form of a credit in the amount of five cents ($0.05) per one hundred dollars ($100) of assessed value to be applied to each quarterly real estate tax bill issued for fiscal year 2025. h) Adoption of an ordinance approving the Fiscal Year 2025 Operating Budget for the Portsmouth Public School System in the amount of $269,289,628 and appropriating the necessary funds to implement said budget for the Fiscal Year 2025. i) Adoption of an ordinance to appropriate $561,203,959 forthe operation of City government during the fiscal year beginning July 1, 2024. Capital Improvement Program  Adoption of the proposed Ordinance by Council will appropriate the funding for Fiscal Year 2025 of the Capital Improvement Program.  Fiscal Years 2026-2029 of the Capital Improvement Program are approved for long-term planning purposes but not appropriated.  The Ordinance necessary to adopt the Fiscal Year 2025-2029 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 2025 Portsmouth Public Schools Budget is attached to this report for City Council action as item (h) identified above. Financial Impact:  City Operating Budget--Per Section 3.16 of the City Charter, the budget must be in balance, with estimated expenditures equaling appropriations. The Proposed Operating Budget and Capital Improvement Budget for Fiscal Year 2025 comply with this law. Under the Operating Budget ordinance proposed for adoption, appropriations under the Budget will made available on the approval of the City Manager. The operating budget includes $3,104,586 in “Council Priority Contingency” o funding between the General Fund and Public Utilities funds to be used for the following priorities, in descending order: 1. Fund 2% of teacher and administrator raises in the event that the adopted state budget does not provide for anticipated wage increases, up to a maximum expenditure or $3,104,586. 2. If funds remain, then effectively reduce the water and sewer utility 5% increase by providing up to $1,000,000 of water and sewer utility rate relief.