Explanation
Background: This legislation authorizes the appropriation of $2,000.00 to fund personnel costs from the Housing/Business Tax Incentives Fund (Fund 2229) to continue funding a 480 temporary employee in the Department of Development’s Housing Division to assist with the Residential Tax Abatement program.
The Department of Development uses user fees to fund the administration of the department’s tax incentive programs. Passage of Senate Bill 19 in 1994 provided for new fees for tax incentive projects to compensate for increased monitoring expenses. As such, the department charges a variety of fees (application fee, processing/administrative fee, annual monitoring fee, reporting late fee, and amendment fee) for its various tax incentive programs (Community Reinvestment Area, Enterprise Zone, Downtown Office Incentives, Job Creation Tax Credit, Job Growth Incentive, Property Assessed Clean Energy, and New Community Authority, Residential Tax Abatement). The fee schedule was updated in early 2019 under ordinance 3221-2018.
This employee worked part of their hours in FY 2020 and will work in FY 2021. Funding for 2020 work was approved by City Council under ordinance 2317-2020 and funding for 2021 work was approved by City Council under ordinance 2588-2020. The amount appropriated for each fiscal year was based upon an estimated amount of work hours that would be done in each fiscal year. Upon review at the end of the year, it was determined that the employee worked less hours in 2020 than planned and will work more hours in 2021. Thus, additional funds in fiscal year 2021 need to be appropriated.
Emergency action is requested so that the employee can continue working without interruption.
Fiscal Impact: This legislation appropriates $2,000.00 from the unappropriated balance of the Housing/Business Tax Incentives Fund (Fund 2229) for the 2021 budget year. The unobligated balance of this fund is approximately $400,000.00.
Title
To authorize the a...
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