* 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 - Department of Housing and Community Development - $2,000,000
FOR the purpose of providing a Supplementary General Fund Operating Appropriation in the amount of $2,000,000 to the Department of Housing and Community Development - Program 177 (Administrative Direction and Control), to provide funding to replace Urban Development Action Grant funds not forthcoming to the City due to renovations being performed at the Hyatt Hotel located in the Inner Harbor; 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 Fiscal 2006 Fund Balance 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 2007.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2007 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2007 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On August 9, 2006, the Board of Estimates recommended this appropriation to the...
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