* 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
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Supplementary Conduit Enterprise Fund Capital Appropriation - Department of Transportation - $20,000,000
FOR the purpose of providing a Supplementary Conduit Enterprise Fund Capital Appropriation in the amount of $20,000,000 to the Department of Transportation (Account # 9962-941002-9563), to provide funding for additional maintenance of the conduit system; and providing for a special effective date.
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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 rate increase for conduit lease fees approved by the Board of Estimates on September 23, 2015, and effective November 1, 2015, 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 2016.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2016 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2016 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On March 16, 2016, the Board of Estimates recommended this appropriation to the City Council.
SECTION 1. BE IT ORDAINED BY THE MAY...
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