EXPLANATION: CAPITALS indicate matter added to existing law.
[Brackets] indicate matter deleted from existing law.
CITY OF BALTIMORE
COUNCIL BILL 10-0533
(First Reader)
Introduced by: The Council President
At the request of: The Administration (Department of Finance)
Introduced and read first time: June 21, 2010
Assigned to: Budget and Appropriations Committee
A BILL ENTITLED
AN ORDINANCE concerning
title
Supplementary Capital Fund Appropriation - Department of Housing and Community Development - $1,407,000
FOR the purpose of providing a Supplementary Capital Fund Appropriation in the amount of $1,407,000 to the Department of Housing and Community Development, to provide funding for the demolition and stabilization of blighted properties; 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 funds from the Simulated Slots ($573,000), Miscellaneous Citation and Penalty Amounts ($17,000), and the Annual Nonprofit Contribution ($817,000) 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 2011.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2011 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2011 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On June 21, 2010, 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 $1,407,000 shall be made available to the Department of Housing and Community Development as a Supplementary Capital Fund Appropriation for Fiscal Year 2011, to provide funding for the demolition and stabilization of blighted properties. The source of revenue for this appropriation is from the Simulated Slots ($573,000), Miscellaneous Citation and Penalty Amounts ($17,000), and the Annual Nonprofit Contribution ($817,000) 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 2011.
SECTION 2. AND BE IT FURTHER ORDAINED, That this Ordinance takes effect on the date it is enacted.
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Council Bill 10-0533
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