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HomeMy WebLinkAbout05784ORDINANCE NO. 5784 AN ORDINANCE ADOPTING THE 1993 BUDGET FOR THE "SALES AND USE TAX CAPITAL IMPROVEMENT 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 therefrom for capital improvement purposes within the City and Pueblo Memorial Airport; and WHEREAS, the anticipated revenues from this 1993 tax is two million nine hundred seventy one thousand four hundred twenty nine dollars ($2,971,429) for the year 1993; now therefore, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1. The following budget for the year 1993 is hereby adopted and the following appropriation for expenditures of anticipated revenues is hereby made: (a) Anticipated Revenues: 1993 Sales Tax $ 2,971,429 Total Revenue $ 2,971,429 (b) Expenditures: Projects to be determined $ 2,971,429 Total Expenditures $ 2,971.429 SECTION 2. All Projects not specifically budgeted for by this ordinance shall be funded out of "Projects to be determined" account by resolution approved by City Council for such projects. INTRODUCED NOVEMBER 9 1 1992 BY JOHN CALIFANO Councilman APPROVED: P esident o Council ATTEST: - d I A. City Clerk