Explanation
1. BACKGROUND
This ordinance authorizes the annual appropriation of monies within the Municipal Motor Vehicle License Tax Fund (Fund 2266) for the Divisions of Infrastructure Management and Traffic Management. This permissive tax has been levied by the City of Columbus since 1987. As of 2019, the permissive tax increased to $10.00, which went into effect January 1, 2020. This money is used for operating expenses consistent with the 2021 budget. The amount being appropriated within this ordinance is $9,700,000.00. Proposed expenditures are estimates and are subject to change. Where appropriate, expenditure ordinances will be submitted to City Council for approval to procure these commodities and equipment.
2. FISCAL IMPACT
This ordinance authorizes the appropriation for 2021 in the amount of $9,700,000.00 for the Municipal Motor Vehicle License Tax Fund (Fund 2266). Annual revenue into Fund 2266 is expected to be $7,130,820.00. The 2021 projected revenue along with anticipated 2020 carryover will provide the fund with adequate cash balances.
3. EMERGENCY DESIGNATION
Emergency action is requested to make these funds available to the divisions as soon as practical to meet anticipated 2021 needs.
Title
To appropriate $9,700,000.00 from the unappropriated balance of the Municipal Motor Vehicle License Tax Fund (Fund 2266) for anticipated 2021 operating expenditures for the Department of Public Service, Divisions of Infrastructure Management and Traffic Management; and to declare an emergency. ($9,700,000.00)
Body
WHEREAS, it is necessary to authorize the appropriation of $9,700,000.00 within the Municipal Motor Vehicle License Tax Fund for the Divisions of Infrastructure Management and Traffic Management for 2021 expenditures; and
WHEREAS, this appropriation will allow for planned expenditures utilizing monies from said fund as early as possible in 2021; and
WHEREAS, an emergency exists in the usual daily operation of the Divis...
Click here for full text