Minutes 05/27/1986 - Laserfiche WebLink

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29~ TUESDAY, MAY 27, 1986 - into an Executive Session for the aforestated purpose, pursuant to the provisions of subsection (a)(l) of Section 2.1-344 of the CODE OF VIRGINIA (1950, and as amended). Upon reconvening into regular session, members of Council discussed various aspects of the proposed budget, as revised, with City Manager Brown, including the risk management program as initially proposed by Mr. Brown and as subsequently revised. In addition, Councilman Williams, responding to Mrs. Drew's earlier comments, reported ~ that, according to his understanding, the reduced School Budget will not adversely affect the City School System's instructional program for 1986-87. Vice-Mayor Severt then introduced a motion, seconded by Councilman Oakes, that Council adopt the pro- posed 1986-87 City Budget, as amended, through the following appropriation ordinance, as well as the following ordinance establishing the City's property Tax rates (being the same as those established for 1985-86) for the 1986-87 budget year. In the dis- cuss ion of this motion, Mayor Cole indicated that he could not support the motion because of his concerns not only with the present effect but also with the future of certain programs and because of his conviction that the City Manager's recommended 1986-87 City Budget could be financed without a property tax rate increase by--along with other proposed income estimated--applying more from some $4,000,000 surplus than was proposed. On a roll-call vote, the motion was carried by a vote of four-to-one (Mayor Cole voting against the motion for reasons previously stated). The appropri- -- ation ordinance and the tax rate ordinance, being in the form of a single ordinance, follows: BE IT ORDAINED by the Council of the City of Martinsville, Virginia, in regular meeting assembled this twenty-seventh day of May, 1986, that the following sums of money be and hereby are appropriated--by Funds--for the City fiscal year ending June 30, 1987, from the fol- lowing Fund sources of estimated revenue: