Title
Public Hearing to Receive Citizens' Comments Regarding the City Manager's Recommended Budget for Fiscal Year 2019
Purpose
PURPOSE/BACKGROUND:
***UPDATED INFORMATION FOR MAY 2, 2018: A public hearing took place on April 25, 2018. On May 2, 2018, the second public hearing will take place.***
The City Manager's Recommended Budget for Fiscal Year 2019 ("Manager's Recommended Budget") was made available to the public on April 15, 2018. The only tax/fee change included in the Manager's Recommended Budget is the Virginia Department of Transportation's decrease to the Right of Way Fee.
Discussion:
The City Council received a briefing from the City Manager on the Manager's Recommended Budget at the work session on afternoon of April 11, 2018. Public hearings to give the City Council the opportunity to receive citizens' comments regarding the Manager's Recommended Budget will be held during City Council's legislative session on April 25, 2018, and at a special meeting of City Council on May 2, 2018. Public hearing notices were duly advertised in the Daily Press on April 15, 2018, and April 22, 2018.
Additional work sessions will be held on May 2, 2018, and May 9, 2018 for City Council to consider comments received from citizens and additional information requested of staff. The first reading of all budget ordinances will be on May 2, 2018. The second reading and final approval of the budget ordinances will be on May 9, 2018.
Impact:
General Fund (for City and Hampton City School operations): $471,165,931
Capital Budget Fund: $51,502,422
Enterprise Funds
Hampton Coliseum and Hampton Arts Commission Fund: $7,051,554
Hampton Roads Convention Center Fund: $10,220,450
The Hamptons Golf Course Fund: $949,349
The Woodlands Golf Course Fund: $749,411
Internal Service Funds
Fleet Services Fund: $6,975,234
Fleet Services - Equipment Replacement Fund: $3,033,867
Information Technology Fund: $2,971,573
Risk Management Fund (including Hampton City Schools): $8,246,688
Public Works Funds
Solid Waste Management Fund: $16,016,099
Steam Plant Fund: $8,088,150
Stormwater Management Fund: $10,869,090
Wastewater Management Fund: $10,595,065
Special Revenue Funds
Community Development Block Grant Fund: $1,265,773
Economic Development Fund: $665,500
Grant Fund: $4,091,566
No proposed changes to the Real Estate Property Tax Rate and the Personal Property Tax Rates
Proposed Public Right-of-Way Fee: $1.09/Line/Month. The Virginia Department of Transportation ("VDOT"), pursuant to Code of Virginia 56-468.1, is responsible for annually determining the montlhly public right-of-way fee per access line. VDOT has determined that rate shall be $1.09 for the period from July 1, 2018 - June 30, 2019, a $0.02 decrease from fiscal year 2018.
Recommendation:
No action. Public hearing only.