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RESOLUTION ADOPTING THE BUDGET FOR THE CITY OF CHARLOTTESVILLE FOR THE FISCAL YEAR BEGINNING JULY 1, 2017, AND ENDING JUNE 30, 2018 AND PROVIDING FOR THE ANNUAL APPROPRIATION OF FUNDS FOR <br />SUCH FISCAL YEAR. I. ADOPTION OF BUDGET WHEREAS, pursuant to Section 19 of the City Charter and Section 15.2-2503 of the Code of Virginia, the City Manager has caused <br />to be prepared and presented to City Council a proposed budget for the fiscal year beginning July 1, 2017, and ending June 30, 2018; and WHEREAS, a synopsis of such proposed <br />budget has been published in the Daily Progress, a newspaper of general circulation in the City, and notice duly given in such newspaper and public hearings held thereon on March 20, <br />2017 and April 3, 2017, and the estimates of revenues and expenditures therein debated and adjusted by City Council in open public meetings, all as required by the City Charter and Section <br />15.2-2506 of the Code of Virginia. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Charlottesville that such document, the statements of fiscal policy set forth <br />therein, and the estimates of revenues and expenditures therein proposed by the City Manager and debated and adjusted by the City Council, are hereby adopted as the annual budget of <br />the City of Charlottesville, for informative and fiscal planning purposes only, for the fiscal year beginning July 1, 2017, and ending June 30, 2018; 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. II. GENERAL FUND APPROPRIATIONS BE IT RESOLVED by the Council of the City <br />of Charlottesville that: A. The sums hereinafter set forth are estimated as General Fund revenues for the fiscal year beginning July 1, 2017. Local Taxes    Real Estate Taxes $64,526,658 <br />  Personal Property Tax 8,460,000  Public Service Corporation Tax 1,350,000  Penalty/Interest on Delinquent Taxes 350,000  Utility Services Consumer Tax (Gas, Water, Electric) 4,699,84 <br />2  Virginia Communications Sales and Use Tax 3,030,000  Tax on Bank Stock 975,000  Tax on Wills and Deeds 550,000  Sales and Use Tax 11,900,000  Rolling Stock Tax 21,000 <br />