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May 14, 2024
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<br />3. If funds remain, provide additional real property tax rate relief in $0.005 increments
<br />per $100 of assessed value up to $2,104,586.
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<br />Capital Improvement Program -- The sum of $103,112,200 in the Capital
<br />Improvement Fund is appropriated for expenditures in the following categories and
<br />amounts:
<br />Sewer $ 14,000,000
<br />Water $ 28,550,000
<br />Drainage and Street Improvements $ 22,675,000
<br />Education $ 8,150,000
<br />Industrial and Economic Development $ 400,000
<br />Leisure Services $ 3,845,000
<br />Municipal Facilities $ 13,882,200
<br />Parking $ 150,000
<br />Fleet Management $ 11,460,000
<br />Total Capital Improvements Funds Expenditures $ 103,112,200
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<br />Portsmouth Public Schools -- The local contribution to the Portsmouth Public
<br />School Board shall be $75,642,160, made in monthly transfers, and to the extent the
<br />Commonwealth does not provide raises above 1%, the city will supplement that with
<br />$3,104,586 of funding for the purpose of providing a 2% raise for teachers and
<br />administrators.
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<br />Recommended Action:
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<br />Adoption of the attached ordinances and resolution.
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<br />Next Steps Following Council Action:
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<br />The City Manager has ultimate responsibility and authority for the implementation
<br />of the Annual Operating Budget and the Capital Improvement Plan. The Chief Financial
<br />Officer has day-to-day responsibility for ensuring the budget is spent as appropriated by
<br />the City Council.
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<br />The city will transfer on a monthly basis in equal amounts the local share of the
<br />annual appropriation to the Portsmouth Public Schools.
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<br />Motion by Mr. Moody, and seconded by Mr. Tillage, to adopt the following
<br />ordinance, and was adopted by the following vote:
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<br />1. JoAnn Clarke, 4717 Thornwood Avenue, spoke in opposition to this item.
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<br />24-123 (A):
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<br />“ORDINANCE TO AMEND AND RE-ENACT ORDINANCE NO. 2023-34 TO IMPOSE
<br />AND LEVY TAXES FOR THE FISCAL YEAR BEGINNING JULY 1, 2024 AND ENDING
<br />JUNE 30, 2025, ON REAL ESTATE, TANGIBLE PERSONAL PROPERTY,
<br />PRIVATELY-OWNED PLEASURE BOATS, PRIVATELY-OWNED CAMPING
<br />TRAILERS AND MOTOR HOMES, AND MACHINERY AND TOOLS WITHIN THE CITY
<br />OF PORTSMOUTH, VIRGINIA, FOR THE PURPOSE OF RAISING REVENUE FOR
<br />THE SUPPORT OF GOVERNMENTAL OPERATIONS AND THE PUBLIC FREE
<br />SCHOOLS AND TO PAY PRINCIPAL AND INTEREST ON THE PUBLIC DEBT.”
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<br />Ayes: Hugel, Lucas-Burke, Moody, Tillage, Whitaker, Glover
<br />Nays: Barnes
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<br />Motion by Mr. Hugel, and seconded by Ms. Lucas-Burke, to adopt the following
<br />ordinance, and was adopted by the following vote:
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<br />1. JoAnn Clarke, 4717 Thornwood Avenue, spoke in opposition to this item.
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