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File #: 050596    Version: 0
Type: Resolution Status: Passed
File created: 9/7/2005 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 9/27/2005
Effective date:    
Title: Resolution appropriating $500,000 from the 2005 Common Council Contingent Fund (0001-9990-C001-0066300) for expenditure through the SPA Remission of Taxes fund Account (0001-9990-S163-006300) to provide funding for remitted taxes.
Sponsors: THE CHAIR
Indexes: CONTINGENT FUND, TAX CANCELLATIONS, TAXATION
Attachments: 1. Fiscal note, 2. Reply from DOA - Budget, 3. Fiscal analysis

Number     

050596

Version

ORIGINAL                     

Reference

                     

Sponsor

THE CHAIR

Title

Resolution appropriating $500,000 from the 2005 Common Council Contingent Fund (0001-9990-C001-0066300) for expenditure through the SPA Remission of Taxes fund Account (0001-9990-S163-006300) to provide funding for remitted taxes.

 

Analysis

                     

Body

 

Whereas, The City of Milwaukee is required to pay the remitted taxes by January 31st; and

 

Whereas, There is no funding remaining in the special purpose account remission of taxes; and; now therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that up to $500,000 be appropriated from the 2004 Common Council Contingent Fund (0001-9990-C001-0066300) to the remission of taxes account (0001-9990-S163-006300).

 

Drafter

Budget and Management Division

Ref:05009: DY: 

August 31, 2005

FINANCE:rem of tax contingent 2005.rtf