* 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 MVR Capital Appropriation and Special Fund Appropriation - CBD Sidewalk Reconstruction Project - $1,029,000
FOR the purpose of providing a Supplementary MVR Fund Appropriation in the amount of $503,000 and Special Fund Appropriation in the amount of $526,000 to provide funding for the Sidewalk Reconstruction Project in the Central Business District; 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 FY 2006 MVR Fund Balance and the Special Fund Account of the General Construction Reserve for Footway Construction 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 November 15, 2006, 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 $503,000 shall be made available to the Department of Transportation as a Supplementary MVR Fund Appropriation, and $526,000 shall be made available as a Supplementary Special Fund Appropriation for Fiscal Year 2007, to provide funding for the Sidewalk Reconstruction Project in the Central Business District. The source of revenue for this appropriation is from the FY 2006 MVR Fund Balance and the Special Fund Account of the General Construction Reserve for Footway Construction 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 2007.
SECTION 2. AND BE IT FURTHER ORDAINED, That this Ordinance takes effect on the date it is enacted.
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