* Warning: This is an unofficial, introductory copy of the bill.
The official copy considered by the City Council is the first reader copy.
Introductory*
City of Baltimore
Council Bill
Introduced by: The Council President
At the request of: The Administration (Department of Finance)
A Bill Entitled
An Ordinance concerning
title
Supplementary General Fund Capital Appropriation - PRJ002758 - $9,000,000
For the purpose of providing a Supplementary General Fund Capital Appropriation in the amount of $9,000,000.00 to PRJ002758 (Walbrook Junction/Edmondson Village Center Support), to provide funding for redeveloping the Walbrook Junction and Edmondson Village Center shopping centers; and providing for a special effective date.
body
By authority of
Article VI - Board of Estimates
Section 8(b)(3) and (c)
Baltimore City Charter
(1996 Edition)
Recitals
The revenue appropriated by this Ordinance represents income tax funds in excess of the revenue relied on by the Board of Estimates in determining the tax levy required to balance the budget for Fiscal Year 2023.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2023 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2023 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On December 21, 2022, the Board of Estimates recommended this appropriation to the City Council.
Section 1. Be it ordained by the Mayor and City Council of Baltimore, That $9,000,000.00 shall be made available to PRJ002758 (Walbrook Junction/Edmondson Village Center Support) as a Supplementary General Fund Capital Appropriation for Fiscal Year 2023, to provide funding for redeveloping the Walbrook Junction and Edmondson Village Center shopping centers. The source of revenue for this appropriation are income tax funds in excess of the amount from this source that was relied on by the Board of Estimates in determining the tax levy required to balance the budget for Fiscal Year 2023.
Section 2. And be it further ordained, That this Ordinance takes effect on the date it is enacted.