* 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 Appropriation - Baltimore City Public Schools - $12,922,862
FOR the purpose of providing a Supplementary General Fund Appropriation in the amount of $12,922,862 to M-R: Baltimore City Public Schools - Program 352 (Baltimore City Public Schools), to provide funding for teacher pensions; 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 $12,922,862 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 2013.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2013 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2013 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On July 18, 2012, 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 $12,922,862 shall be made available to M-R: Baltimore City Public Schools - Program 352 (Baltimore City Public Schools) as a Supplementary General Fund Appropriation for Fiscal Year 2013, to provide funding for teacher pensions. The source of revenue for this appropriation is $12,922,862 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 2013.
SECTION 2. AND BE IT FURTHER ORDAINED, That this Ordinance takes effect on the date it is enacted.
dlr12-0379~intro/05Sep12
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