TITLE
To amend Ord. No. 2021-040, adopted May 24, 2021, which adopted the Fiscal Year 2021-2022 General Fund Budget and made appropriations pursuant thereto, to (i) create a new line item in the Non-Departmental agency entitled “Employee COVID-19 Bonuses,” (ii) increase anticipated revenues from real estate taxes by $11,447,025.00, and (iii) appropriate $8,900,000.00 of this increase to the new “Employee COVID-19 Bonuses” line item in the Non-Departmental agency to provide funds for the payment of one-time bonuses to certain eligible City employees and $660,000.00 of this increase to the Department of Economic Development for disbursement to the Economic Development Authority to provide funds for the Authority’s operating expenses.
BODY
§ 1. That Ordinance No. 2021-040, adopted May 24, 2021, which adopted a General Fund Budget for the fiscal year commencing July 1, 2021, and ending June 30, 2022, and made appropriations pursuant thereto, is hereby amended by:
(a) Creating a new line item in the Non-Departmental agency entitled “Employee COVID-19 Bonuses;”
(b) Increasing anticipated revenues from real estate taxes by $11,447,025.00; and
(c) Appropriating:
(1) $8,900,000.00 of this increase to the new “Employee COVID-19 Bonuses” line item in the Non-Departmental agency created by subsection (a) of section 1 of this ordinance for the purpose of providing funds for the payment of one-time bonuses to certain eligible City employees; and
(2) $660,000.00 of this increase to the Department of Economic Development for the purpose of disbursing $660,000.00 to the Economic Development Authority to provide funds for the Authority’s operating expenses.
§ 2. This ordinance shall be in force and effect upon adoption.