Title
AN ORDINANCE TO AMEND THE BUDGET OF THE CITY OF DULUTH FOR YEAR 2016 BY INCREASING THE BUDGET $800,000 FOR ADDITIONAL STREET WORK.
Body
CITY PROPOSAL:
The city of Duluth does ordain:
Section 1. That ordinance 10427 passed and approved December 14, 2015, is hereby amended by appropriating an additional $800,000 from the general fund’s fund balance as follows:
Department 121 - Public Administration $800,000
Section 2. That this ordinance shall take effect immediately upon its passage.
Statement of Purpose
STATEMENT OF PURPOSE: This ordinance will increase the city’s general fund appropriation authority by $800,000. The budget amendment would be paid from additional fund balance generated due to better than expected 2015 performance.
2015 revenues came in higher than budgeted due to our strong economic growth and development activity which resulted in higher general sales tax collections. The City also received an increase in state aids including the state insurance premium tax.
This ordinance will amend the 2016 budget to include funding of $800,000 for additional street work including the capping of approximately six miles of city streets.