Minutes 06/06/1975 - Laserfiche WebLink

Home Browse Search

.., ,) Su~ FRIDAY JUNE 6, 1975 A special and duly-called meeting of the Council of the City of Martinsville, Virginia, with Mayor Harry L. Boaz presiding, was held Friday, June 6, 1975, in the Council Chamber, City Hall, beginning at 3:00 P.M., for the purpose of considering and/or tentatively acting upon a proposed budget for the City of Martinsville for its fiscal year ending June 30, 1976. All members of Council were present, viz., Harry L. Boaz, Mayor; William D. Hobson, Vice Mayor; G. S. Fitz-Hugh, Jr; Barry A. Greene; and Morton W. Lester. After the invocation and roll call, City Manager Noland presented a summary of suggested revisions to the initially-presented 1975-76 City Budget, which summary included the increasing of Electric Fund estimated revenue by $100,000.00, with $35,000.00 thereof conditionally allocated for depreciation- expansion within the Electric Fund's expenditure budget, and with a transfer of some $501,000.00 of estimated electric revenue to the General Fund; a conditional allocation of $100,000.00 to the "downtown renewal" (CBD) project; an across- the-board cost-of-living increase in salaries and wages for City employees at a cost of $134,600.00; and a real estate tax rate of $1.85 per one hundred dollars of assessed valuation. These suggested revisions, which included certain reductions in estimated expenditures and some minor adjustments to revenue estimates, brought the proposed 1975-76 budget to a total of $15,254.446.50. In connection with the June 2nd inquiry from Councilman Fitz-Hugh, City Manager Noland reported that the additional cost of providing twice-Heekly residential refuse collection during the summer months is estimated at $17,385.00, not including certain "start-up" and "close-down" costs.