Minutes 01/28/1975 - Laserfiche WebLink

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35 TUESDAY JANUARY 28, 1975 -- billing, Councilman Greene recommended and moved that said July 1, 1974 assessed valuation be the basis for real estate tax billing for the first six months of 1975, at the 1974 nominal rate of $1.90 per one hundred dollars of assessed valuation, or 95~ for said six-months' billing. The motion was seconded and unanimously passed. /- In said statement, Councilman Greene also referred to the conditions of various fund balances at June 30, 1974, especially the General Fund deficit at that time as well as to current practices pertaining to the encumbering of certain appropriation balances in various accounts at the end of fiscal years. Councilman Greene then submitted the following recommendations: (1) that the City administration review the entire list of encumbered funds and recommend to Council what amounts, if any, can be restored to unappropriated surplus; and (2) that the remaining unappropriated funds (of some $312,000.00) from Revenue-Sharing be formally acted upon by Council to finance to-be-designated 1974-75 General Fund items. In connection with the foregoing reference to the current quadrennial reassessment of real estate within the City and following a discussion of forms and procedures currently being required by the Board of Assessors for property owners to file ,,- objections to reappraised valuations as of January 1, 1975, Council went on record as opposing the use of said forms and requirements and, also, directing the Board of Assessors to comply with Section 58-722.01 of the CODE OF VIRGINIA (1950, and as amended). City Manager Noland reminded Council of the advertised and scheduled public hearing ,- to be conducted by Council on Tuesday, February 4, 1975, in the City's Circuit Courtroom, beginning at 7:30 P.M., for the purpose of receiving citizen input as to