HomeMy WebLinkAbout06373ORDINANCE NO. 6373
AN ORDINANCE ADOPTING THE 1999 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 1999 tax is ($5,214,000) for the year
1999; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1
The following budget for the year 1999 is hereby adopted and the following
appropriation for expenditures of anticipated revenues is hereby made:
(a) Anticipated Revenues:
1997 Sales Tax $ 5,214,000
Prior Year Reserves 10.300.000
Total Revenue $15,514,000
(b) Expenditures:
Projects to be determined $14,764,000
Professional Services 100,000
Capital Projects R/M 100,000
Invest Transfer CIF 550.000
Total $15,514,000
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 9. 1998
BY: Corinne Koehler
Councilperson
APPROVED:
President o e C iduncil
ATTEST: