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<br />171 <br /> <br />TUESDAY <br /> <br />JUNE 13, 1967 <br /> <br />, <br /> <br />asked that permission be granted for the Chamber's special tax study committee-- <br /> <br />recently organized--be allowed to confer with and assist the City's recently- <br /> <br />appointed tax study committee during its deliberations. Mr. C. Harry Anglin. <br /> <br />franchise holder of the local CATV system now being installed, protested the <br /> <br />proposed inclusion of CATV customers within the framework of the suggested <br /> <br />utility tax ordinance revisions, stating that just the inference of such <br /> <br />inclusion is harmful to his business and that his system operation is not <br /> <br />classified as a utility but as a business service enterprise. Mr. Henry C. Reed, <br /> <br />Chairman, and other representatives of the City School Board, informed Council <br /> <br />that requested reductions in i t:3 recoITI-"'lsnded budget (in the total amount of <br /> <br />$50,000.00, not including revised debt service needs) have been effected and, <br /> <br />too, that the surplus to be carried forward will be in excess of that first <br /> <br />estimated; whereupon, the Council authorized the School Board to exercise option <br /> <br />for the purchase of Lanier Farm property on the south side of Spruce Street <br /> <br />Extended, in the Hunting Ridge Road area, by the payment of $10,000.00--as <br /> <br />initial installment--from surplus funds. There being no further inquiries <br /> <br />concerning the proposed budget, as revised, Council unanimously adopted said <br /> <br />proposed budget, as revised by direction of Council, and, also, the following <br /> <br />appropriation ordinance: <br /> <br />AN ORDINANCE MAKING APPROPRIATIONS OF SUMS OF MONEY FOR ALL NECESSARY <br />EXPENDITURES OF THE CITY OF MARTINSVILLE, VIRGINIA, FOR ITS FISCAL YEAR <br />ENDING JUNE 30, 1968. <br /> <br />BE IT ORDAINED by the Council of the City of Martinsville, Virginia, <br />that the following sums of money be and are hereby appropriated by funds <br />for the fiscal year ending June 30, 1968, :~rom fund sources of estimated <br />revenue as follows: <br /> <br />Appropriations <br /> <br />REVENUE <br />Contributions <br />and <br />Direct T~arsfers <br /> <br />Anticipated Balances at <br />7-1-67: <br /> <br />School Fund <br />Other Funds <br /> <br />70,854.00 <br />276,835.64 <br /> <br />70,854.00 <br />276,835.64 <br />