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HomeMy WebLinkAboutCouncil Actions 05-01-91 Budget1991 1992 BUDGET STUDY -- ROANOKE CITY COUNCIL ~ednesday, May 1, 1991 9:00 a.m. Room 306, Municipal North 2. 3. 4. 6. 7. 8. Call to Order. Roll Call. Invocation. Pledge of Allegiance America. Remarks by Remarks by Remarks by to the Flag of the United States of the City Manager. the Director of Finance. the Mayor and Members of City Council. for City retirees· Mr. Bowers. capital expenditures. Increase in the annual income limit for persons to be accorded the elderly and disabled real estate tax freeze. 9. Other Business· I0. Adjournment. a. Health care benefits b. Future budgeting for Mr. Fitzpatrick. Items referred to 1991-92 Budget Study: DATE: TO: FROM: S~JE~: May 1, 1991 Honorable Mayor and Members of City Council W. Robert Herbert, City Manager Joel M. Schlanger, Director of Finance File #79 - Increasing the annual limit for persons to be accorded the elderly and disabled real estate tax freeze On Council persons freeze from the General referred to Council. The 8.1-2311 $30,000 sources October 22, 1990, Mr. Edmund A. Dumas appeared before with regard to increasing the annual income limit for to be accorded the elderly and disabled real estate tax $22,000 to $30,000, which increase was approved by Assembly effective July 1, 1990. This item was in the 1990-1991 Budget Study for consideration by 1990 Session of the General Assembly amended Section effective July 1, 1990 to increase from $22,000 to the total maximum combined income received from all during the preceding calendar year by owners of a dwelling who use it for their principal residence and owner's relatives who live in the dwelling. The 1987 Session of the General Assembly increased the maximum net combined financial worth to $75,000. The $75,000 limit was included in our City Code by amendment made on May 12, 1988 and this limit was not changed by the General Assembly. Honorable Mayor and Members City Council May 1, 1991 Page 2 Currently 2,509 City residences limits (2.6% of total population). presently lose: $462,050 Elderly 41,912 Disabled $503,962 current limits. take advantage of these It is estimated that we - real estate revenue lost due to Should Council raise the limits to the maximum allowed by the General Assembly, it is estimated that another 500 residences will qualify with a first year (1991-1992) loss of revenue of $125,000 and this figure would increase annually. Due to the current financial status of the City Budget, we cannot recommend this change to you at this time. W. Robert Herbert City Manager WRH/JMS:s cc: Wilburn C. Dibling, Jr., City Attorney CI'IY OF ROANOKE RECOMMENDED 1991.62 BUDGET On Monday, April 22, 1991, at 7:15 p.m., or as soon thereafter ss the matter may be heard, Roanoke City Council will hold s special meeting in the Exhibit Hall of the Roanoke Civic Center, 710 Williamson Road, N. E., Roanoke, Virginia, for the purpose of holding a public hearing on the 1991.92 City Budget. All persons shall be afforded an opportunity to speak and state their views concerning all aspects of the budget within such reasonable time limits as shall be established by City Council. Persons desiring to speak on behalf of others must have their names placed on the agenda in accordance with regular procedures of the Roanoke City Council. Written comments of Interested citizens will be received by the City Clerk at any time prior to the hearing. Complete copies of the recommended budget will be available for public inspection at the City Clerk's Office, City Uanager's Office and the main public library. The recommended budget is summarized as follows: REVENUE ESTIMATES: General Property Taxes Other Local Taxes Permits, Fees & Licenses Fines and Forfeitures Revenue from Uso/Uonay & Property Grants-in-Aid. Commonwealth Grants-in-Aid. Federal Government Education Charges for Current Services Uiscellansous Revenue TOTAL - GENERAL FUND $49,932,300 38,694,556 471,000 656,000 909,000 23,955,143 27,000 32,348,716 4,930,2O7 168,100 $152,090,022 Civic Center Fund $ 1,693,556 Internal Service Fund $ 7,451,008 Sewage Treatment Fund $ 6,969,000 Transportation Fund $ 1,677,268 Water Fund $ 4,526,419 RECOMMENDED E)(PENDITURES: Community Development EducatJon General Government Health and Welfare Judicial Administration Non-Departmantal Parks, Recreation & Cultural Public Safety Public Works TOTAL - GENERAL FUND $ 814,324 64,300,458 8,445,086 13,965,421 3,235,919 11,979,208 3,993,041 27,507,181 17~855~384 $152,090,022 Civic Center Fund Internal Service Fund Sewage Treatment Fund Transportation Fund Water Fund $ 2,061,730 $ 7,360,372 $ 6,969,000 $ 1,779,813 $ 4,889,790 Given under my hand this 15th day of April, 1991. Mary F. Parker, City Clerk NOTE TO PUBUSHER: Please publish in full once on Monday, April 15, 1991, in the evening edition of the Roanoke Times and World News, and once on Tuesday, April 16, 1991, in the morning edition. Proof copy requested. Please send publisher's affidavit and bill to: Mary F. Parker, City Clerk Room 456, Municipal Building Roanoke, VA 24011 NOTICE OF PROPOSED REAL PROPERTY TAX INCREASE The City of Roanoke proposes to Increase property tax levies. Assessment Increase: The total assessed value of real propen'y, excluding additional assessments due to new construction or improvements to property, exceeds last year's total assessed value of real property by 2.5 percent. Lowered Rate Necessary to Offset Increased A_,_~_,ment. The tax rate which would levy the same amount of real estate tax as last year, when multiplied by the new total assessed value of real estate with the exclusions mentioned above, would be $1.22 per $100 of assessed value. This rate will be known as the "lowered tax rate'. Effective Rate Increase: The City of Roanoke pmposss to adopt a tax rate of $1.25 per $100 of assessed value. The difference between the lowered tax rate and the proposed tax rate would be $.03 per $100, or 2.5 percent. This difference will be known as the 'effective tax rate increase'. Individual property taxes may, however, increase at a percentage greeter than or less than the above percentage. 4. Proposed Total Budget Increase: Based on the proposed real property tax rate and changes in other revenues, the total budget of the City of Roanoke will exceed last year's by 0.04 percent. Individual property taxes may, however, increase at a percentage greater than or less than the above percentage. A public hearing on the increase will be held on April 22, 1991, at 7:00 p.m., in the Exhibit Hall of the Roanoke Civic Center, 710 Wllliamssn Road, N. E., Roanoke, Virginia. Given under my hand this 15th day of April, 1991. Mary F. Parker, City Clerk ' CITY OF'flOANOKE RECOMMENDED 1991-92 BUDGET On Monday. April 22, 1991, at 7:15 p.m., or as soon thereafter as the matter may b heard, Roanoke City Council will hold a special meeting n the Exhibit Hall of th Roanoke Civic Center, 710 Williamson Road N E Roanoke, V rg n a, for the purpose of holding a pub c heahng on the 1991-92 City Budget. All persons shall be afforded an opportunity to speak and state their views concerning all aspects of the budget withi~ sSUCh.reas~n~bl.e time limits as shall be established by City Council. Persons desidng t~ peak on ~enalt of others must have the r names placed on the agenda in accordano with regular procedures of the Roanoke City Counc Wr tten comments of interest citizens will be received by the City Clerk at any time pdor to the heedng. Complete copies of the recommended budget will be ava/lab e for public inspection at the City Cerk's Office, City Manager's Office and the main public library. The recommended budget is summarized as Iollows: REVENUE ESTIMATES: General Property Taxes Other Local Taxes Permits, Fees & Licenses Fines and Forfeitures Revenue from Use/Money & Property Grants-in-Aid--Commonwealth Grants-in-Aid--Federal Government Education Charges for Current Services Miscellaneous Revenue TOTAL--GENERAL FUND Civic Center Fund Internal Service Fund Sewage Treatment Fund Transportation Fund Water Fund RECOMMENDED EXPENDITURES: Community Development Educatio~ General Government Health and Wa/fare Judicial Administration Non-Departmentel Parks, Recreation &Cuitural Public Safety Public Works TO?AL*--GENERAL FUND Civic Center Fund internal Service Fur~ Sewage Treatment Fund Transportation Fund Water Fund Given under my hand this 15th day of Apdt, 1991. Mary F. Parker, City Clerk $49,932,300 38,694,656 471,000 656,000 909,000 23,953,143 27,0OO 32,348,716 4,930,207 166.100 $152.090.022 $7.451.008 . $6,969.000 $1.677.268 $814,324 64,300,458 6,446,086 13,965,421 3,235,919 11,973,208 3,993,041 27,507,181 17.855.3~4 $2.061,730 $7.360.372 $6.969.000 $1.779.813 NOTICE OF PROPOSED REAL PROPERTY TAX INCREASE The City of Roanoke proposes to inc~eace proparty tax levies. 1. ~ I__ ,_n~s~; The total assessed value of rneJ pr~, excluding edd~ assessments due to new percent, ac' m~proveme~ts to property, exceeds last year s total assessed value of mai proflarty by 2.5 2: _Lo~v_. _ _e~l._._l~t~_. ~an/to Offset In.~re~sed A~.~-nent: The tax ram which would levy the same amount of ~ a~ ras~ y~a[, .w~ee~ __rnu~t~p~e[I._by ~ new tot~ asse_.s.~cl, value ~f reel estate with the exclusions ,rate". , wou ae ~,l.zz per ~,luu of assessed value. Th~s rate w~ll be known as the "k)wered tax 3~ ~The~Ct~~ 9' Rueno~e proposes to ad~pt a tax rate of $1.25 per $100 of assessed ~ Th~ dm~r~I ~- l-e- -towered tax r,,ate an~ the ~xoge~d mx ?,t,e wou~ he [03 pe~ $~ 00, or 2.5 I~_."~"_~' ~lt~' u~ ..r~wn as the effective tax rate increase . individual ~ taxes may, at a percentage greeter than or less than the above pen~ntage. 4._ ........... a.~ · .B. ased on the p~o.Eosed real ~operty tax rate and changee in other r~venuas. ~le totel ~JQget ot the Cit~ of Roanoke w~ll exceed last year's t~j 0.04 perce~t. Individual grol~erty taxes may, however, increase at a peroentage greets- than or less than the above percentage. ...m~,son nuaa, N.E., Roarloke, Virginia. Give,'1 under my hand this 15th day of Apeil, 1991.