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HomeMy WebLinkAbout1988-09-26 88-412 ORDERON 88-412 Auigned [o Couaceor Tilley, September 26, 1988 CITY OF BANGOR (TITLE) UDrbtrr ......... fpr. Fublrc vote. on.Rxoppsed Cnartea.. Mercanent.... -- 3% Limitation on Gross Mnual Expenditures Budget (Excluding Enterprise By the City CounnS offle CGty of Bangor: ORDERED, MT in accordance with 30 M.R.S.A. SS 1911 at seg., as anended, the City Council hereby orders the City Clerk to place on a ballot at the next ligular -Municipal Election to be held -an november 14, 1988 the following question: "Shall the municipality approve the charter amendnent printed belouP." That the following Bangor City Charter Article Vl Section 5 be amended by adding a now paragraph (a) as follows: •Ebtwithstanding any other provision in Section 4 or 5 to Nis Article VI to the contrary, the gross annual expenditures budget (excluding Enterprise funds) adopted beginning with the next nunicipal fiscal year following the effective data of this amendment shall not exceed by more than three percent (38) the gross annual expenditure budget (excluding Enterprise Funds) for the next previous municipal fiscal year. In the event there is a deficit in my ginterprise Fund at the end of any municipal fiscal year, the City Council shall provide funds in the budget for the next municipal fiscal year sufficient to cure said deficit. My expenditure of funds to Cure Enterprise Fwd deficits shall be included in the cc putation of the three percent (38) expenditure limit provided herein." 88-412 ORDER ` Id oity�60 cil 5 pterber 26,88 amended by. deleting in the £item Title, �ads X38 liere thenwdzr 14 Providing fox Public Vote on Prosed ...................................... and in the last line last June 30,p Charter Mm t - 3 8.: Limitation In-TT. -wid2da add Swe 30�Et '. �- space _p. yep...................................... Tabled until :R regular nesting on G` r R.py Budget (E m ,_.�.� Aeeigad to Ci clerk�a ........ ..1 ....... Councilman In City fnuncll Octohev 12,1988 Passed as amended Crty Cler Enterprise Funds) 88-412 and be it further, DWERED, TEAT the City Clerk take all necessary action at least 2 weeks prior to said Regular Election W provide information for (angor voters on said proposed amendment as required under 30 M.R.S.A. 5 1915(3). and be it further, ORDERED.. TEAT if said amendment is adopted by the voters at said Regular Election it shall take effect on Explanation: -'fie purpose of the proposed amendment is to limit the grass annual expenditures budget (excluding Enterprise Ytnds) for each future municipal fiscal year W no more than three (38) percent of the gross animal expenditures budget (excluding Enterprise Funds) for the next previous municipal fiscal year.