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ORDINANCE NO. 6140
AN ORDINANCE ADOPTING THE 1997 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 1997 tax is four
million two hundred thousand dollars ($4,200,000) for the year 1997;
now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1
The following budget for the year 1997 is hereby adopted and the
following appropriation for expenditures of anticipated revenues is hereby
made:
(a) Anticipated Revenues:
1997 Sales Tax
Prior Year Reserves
Total Revenue
(b) Expenditures:
Projects to be determined
Professional Services
Captial Projects R/M
Invest Transfer CIF
$ 4,200,000
6,200,000
$10,400,000
$10,000,000
100,000
100,000
200,000
Total $10,400,000
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 11 , 1996
BY Samuel Corsentino
Councilman
APPROVED:
resident of Council
ATTEST:
PA%
Ci Clerk