* 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 Operating Appropriation - M-R: Arts and Culture - $581,334
For the purpose of providing a Supplementary General Fund Operating Appropriation in the amount of $581,334 to M-R: Arts and Culture - Service 824 (Events: Art: Culture: and Film), to provide funding for general operations; and providing for a special effective date.
body
By authority of
Article VI - Board of Estimates
Section 8(b)(2)(iii) and (c)
Baltimore City Charter
(1996 Edition)
Recitals
The revenue appropriated by this Ordinance represents Transfer Tax revenue 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 2024.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2024 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2024 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On November 1, 2023, 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 $581,334 shall be made available to M-R: Arts and Culture - Service 824 (Events: Art: Culture: and Film) as a Supplementary General Fund Operating Appropriation for Fiscal Year 2024, to provide funding for general operations. The source of revenue for this appropriation is Transfer Tax revenue 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 2024.
Section 2. And be it further ordained, That this Ordinance takes effect on the date it is enacted.