Regular Meeting of Wilmington City Council

Mayor's Budget Address
Thursday, March 19, 2015 at 6:00 p.m.

Council Chambers
Louis L. Redding City/County Building
800 North French Street, Wilmington, Delaware 19801

AGENDA

  1. Call to Order
    Invocation
    Pledge of Allegiance
    Roll Call
  2. Mayor Escorted into Chambers
  3. Mayor's Budget Address
  4. Approval of Minutes
  5. Acceptance of Treasurer's Report

6. Legislative Business

Charles M. "Bud" Freel: 8th District

Agenda #4030
Ordinance 15-009
Referred to Committee
Establish a Rate of Taxation on Real Property and the Taxable Property of Public Utilities for the Fiscal Year July 1, 2015 through June 30, 2016
Synopsis This Ordinance is being presented by the Administration for Council’s review and approval. If approved, Council would be authorizing a property tax rate for the new fiscal year. The City’s current property tax rate is $1.855 per $100 of assessed value of a property.
Agenda #4031
Ordinance 15-010
Referred to Committee
Amend Chapter 45 of the City Code Regarding Sewer System Unit Charges, Water Rates and Charges and Storm Water Rates and Charges for Fiscal Year 2016
Synopsis This Ordinance is being presented by the Administration for Council’s review and approval. If approved, Council would be authorizing a water, sewer and stormwater rate for the new fiscal year.
Agenda #4032
Ordinance 15-011
Referred to Committee
Adopt a Capital Program for the Six Fiscal Years 2016-2021, Inclusive
Synopsis This Ordinance is being presented by the Administration for Council’s review and approval. If approved, Council would be authorizing a six-year capital budget program for the City. The Capital Budget is funded through the issuance of general obligation bonds with a resulting debt service obligation on the part of the City requiring yearly cash payments over a particular period of time to repay the interest and principal on a debt. Items funded in capital budgets often include repair, renovation and construction of facilities, infrastructure, streets, etc. The FY 2016 – FY 2021 Capital Program totals $257,854,000 which is the estimate of all funds necessary to meet the future capital needs of the City based on this plan or program. Of the total amount needed to fund the program, $75,039,000 would come from the General Fund Budget, $149,865,000 would come from the Water/Sewer Budget, $5,150,000 would come from the Internal Service Fund and $27,800,000 would come from other funds.
Agenda #4033
Ordinance 15-012
Referred to Committee
Adopt a Capital Budget for Fiscal Year 2016
Synopsis This Ordinance is being presented by the Administration for Council’s review and approval. If approved, Council would be authorizing an FY 2016 Capital Budget plan for the City. The Ordinance totals $77,825,000 which is consistent with Capital Program for Fiscal Years 2016-2021 as reviewed and recommended by the City Planning Commission at its March 17, 2015 meeting. The Capital Budget is funded through the issuance of general obligation bonds with a resulting debt service obligation on the part of the City. The debt service requires yearly cash payments over a particular period of time in order to repay the interest and principal on a debt. Items funded in capital budgets often include repair, renovation and construction of facilities, infrastructure, streets, etc.
Agenda #4034
Ordinance 15-013
Referred to Committee
Adopt the Annual Operating Budget for the Fiscal Year Beginning on July 1, 2015 and Ending on June 30, 2016
Synopsis This Ordinance is presented by the Administration for Council’s review and approval. If approved, Council would be authorizing a General Operating Budget for Fiscal Year 2016 that totals $151,115,292. This is an increase of 0.7% over the current Fiscal Year 2015 Operating Budget. The Operating Budget is compiled annually by the Administration based on revenue projections and requested appropriations to fund various expenditures such as employee salaries and benefits, and City programs and services such as police, fire, public works, license and inspections, trash and recycling collections, etc. The new budget, if approved by Council, will become effective on July 1, 2015 and will expire on June 30, 2016.
  1. Adjournment