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<br /> I. ADOPTION OF BUDGET
<br />
<br /> WHEREAS, pursuant to Section 19 of the City Charter and Section 15.2-2503 of
<br />the Code of Virginia, the City Manager has caused to be prepared and presented to City
<br />Council a proposed budget for the fiscal year beginning July 1, 2006, and ending June
<br />30, 2007; and
<br />
<br /> WHEREAS, a synopsis of such proposed budget has been published in the Daily
<br />Progress, a newspaper of general circulation in the City, and notice duly given in such
<br />newspaper and public hearings held thereon on March 20, 2006 and April 3, 2006, and
<br />the estimates of revenues and expenditures therein debated and adjusted by City Council
<br />in open public meetings, all as required by the City Charter and Section 15.2-2506 of the
<br />Code of Virginia.
<br />
<br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the City of
<br />Charlottesville that such document, the statements of fiscal policy set forth therein, and
<br />the estimates of revenues and expenditures therein proposed by the City Manager and
<br />debated and adjusted by the City Council, are hereby adopted as the annual budget of the
<br />City of Charlottesville, for informative and fiscal planning purposes only, for the fiscal
<br />year beginning July 1, 2006, and ending June 30, 2007; and that a true and correct copy
<br />of the same, as adopted, shall be kept on file in the records of the Clerk of the Council.
<br />
<br /> II. GENERAL FUND APPROPRIATIONS
<br />
<br /> BE IT RESOLVED by the Council of the City of Charlottesville that:
<br />
<br />A. The sums hereinafter set forth are estimated as General Fund revenues for the
<br />fiscal year beginning July 1, 2006.
<br />
<br />Local Taxes
<br />
<br />Real Estate Taxes $42,540,000
<br />Personal Property Tax 5,401,744
<br />Public Service Corporation Tax 1,200,000
<br />Penalty/Interest on Delinquent Taxes 350,000
<br />Utility Taxes 7,000,000
<br />Franchise Taxes 378,000
<br />Tax on Bank Stock 400,000
<br />Tax on Wills and Deeds 450,000
<br />Sales and Use Tax 9,200,000
<br />Rolling Stock Tax 17,498
<br />Transient Room Tax 2,000,000
<br />Meals Tax 4,650,000
<br />Short-Term Rental Tax 59,251
<br />Cigarette Tax 566,500
<br />Recordation Tax Receipts 140,414
<br />Vehicle Daily Rental Tax 100,200
<br />Total Local Taxes $74,453,607
<br />Licenses and Permits
<br />
<br />Business and Professional Licenses $4,800,000
<br />Vehicle Licenses 780,000
<br />Dog Licenses 4,500
<br />Electrical, Heating, and Mechanical Permits 140,000
<br />Building and Plumbing Permits 330,630
<br />Other Permits 170,000
<br />Total Licenses and Permits $6,225,130
<br />
<br />Intergovernmental Revenue
<br />
<br />PPTRA Revenue (State Personal Property Tax) $3,498,256
<br />Federal Assistance (CDBG, etc.) 60,000
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