Minutes 10/14/1997 - Laserfiche WebLink

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TUESDAY, OCTOBER 14, 1997 observed that there might be real value in having an executive summary of these reports in the future, written in lay terms for the benefit of the general public, with some statement of the general financial health of the City Government. Vice-Mayor Crabtree observed that the report showed that the City was clearly able to pay it's debts. Under items not on the agenda, Mayor Adams showed Council a copy of a report from the Virginia Education Association entitled Real Estate Taxes and True Values in Vir~nia. 1995. The Mayor stated that this report showed that, even though the City of Martinsville was ranked relatively low in terms of its ability to contribute local dollars to education costs, it was, nevertheless, ranked second in the State in terms of its financial effort toward that purpose, demonstrating that the City is doing really well in its support of education. He also pointed out that the figures shown did not capture capital improvements contributions, which would add significantly to the City's overall effort. The other members of Council agreed with the Mayor' s assessment of the figures shown, and thanked him for bringing this information to their attention. Council next considered a request from the Commonwealth's Attorney to re-appropriate $687 in unspent State Forfeited Asset funds in his FY96-97 budget to his FY97-98 budget. Upon motion duly seconded, and by unanimous vote, Council approved the requested re-appropriation, funds to be drawn from Account # 01- 000500-8205000, Contribution from Fund Balance, FY96-97 General Fund to the FY97-98 General Fund Budget for expenditure in Account # 01-220100-5415007, Confiscated Assets/State. Under other items not on the agenda, Vice-Mayor Crabtree congratulated Councilmember Haskell on the success of the new Breast Care Center Project at Memorial Hospital of Martinsville & Henry County and her involvement in the effort. Mrs. Gloria Hylton, in the audience, thanked Council and others responsible for the new plantings that now beautify the intersection of Memorial Boulevard and Fayette Street. She also asked whether the old planters that had been replaced in the Uptown could be refurbished. Mr. Tom Harned of the