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HomeMy WebLinkAbout05716ORDINANCE NO. 5 716 AN ORDINANCE ADOPTING THE 1992 BUDGET FOR THE "SANS AND USE TAX CAPTIAL IMPF40VEMENT FUND" TO BE USED WITHIN THE CITY AND THE PUEBLO MEMORIAL AIRPORT WHEREAS, the City of Pueblo, Colorado has enacted Ordinance No. 5668, providing for a one -half cent sales tax rate increase for a five year period, pledging the revenue therefrM for captial improvement purposes within the city and Pueblo Memorial Airport; and WHEREAS, the anticipated revenues frcm this 1992 tax is two million six hundred thirty two thousand one hundred forty three dollars (2,632,143) for the year 1992; now therefore, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1 The following budget for the year 1992 is hereby adopted and the following appropriation for expeditures of anticipated revenues is hereby (a) Anticipated Revenues: 1992 Sales Tax $ 2,632,143 Total Revenue $2,632,143 (b) Expenditures: Qual Med $ 800,000 Projects to be determined 1,832,143 Total Expenditures $2,632,143 SECTION 2 All projects not specifically budgeted for by this ordinance shall be funded out of "Projects to be deteminedwe account by resolution approved by City Council for such projects. INTRODUCE) November 11 , 1991 BY KENNETH HUNTER Councilman City Clerk