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<br />WHEREAS
<br /> , 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, 2008, and ending June
<br />30, 2009; and
<br />
<br />WHEREAS
<br /> , 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 17, 2008 and April 7, 2008, 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
<br /> 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, 2008, and ending June 30, 2009; 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, 2008.
<br />
<br />Local Taxes
<br />
<br />Real Estate Taxes $50,372,908
<br />Personal Property Tax 6,700,000
<br />Public Service Corporation Tax 1,154,780
<br />Penalty/Interest on Delinquent Taxes 350,000
<br />Utility Taxes (City Utilities and Electric) 4,662,810
<br />Virginia Communications Sales and Use Tax 3,451,270
<br />Tax on Bank Stock 540,000
<br />Tax on Wills and Deeds 550,000
<br />Sales and Use Tax 10,500,000
<br />Rolling Stock Tax 16,000
<br />Transient Room Tax 2,695,000
<br />Meals Tax 5,268,750
<br />Short-Term Rental Tax 64,000
<br />Cigarette Tax 695,000
<br />Recordation Tax Receipts 154,842
<br />Vehicle Daily Rental Tax 125,000
<br />Total Local Taxes $87,300,360
<br />Licenses and Permits
<br />
<br />Business and Professional Licenses $5,800,000
<br />Vehicle Licenses 880,000
<br />Dog Licenses 5,000
<br />Electrical, Heating, and Mechanical Permits 150,000
<br />Building and Plumbing Permits 390,630
<br />Other Permits 200,000
<br />Total Licenses and Permits $7,425,630
<br />
<br />Intergovernmental Revenue
<br />
<br /> Revenue from State Agencies
<br /> PPTRA Revenue (State Personal Property Tax) 3,498,256
<br /> State Highway Assistance 3,190,414
<br /> Reimbursement/Constitutional Offices 1,500,000
<br /> State Aid for Police Protection 2,392,911
<br /> Trailer Title 2,500
<br />
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