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HomeMy WebLinkAbout2851 Identify Funding MechanismORDINANCE NO, ~,~ ~"S'l AN ORDINANCE ADDING SECTION 2.04.095 TO THE ASHLAND MUNICIPAL CODE TO BE'I'I'ER IDENTIFY FUNDING MECHANISMS FOR NEW PROGRAMS. THE PEOPLE OF THE CITY OF ASHLAND DO ORDAIN AS FOLLOWS: SECTION 1. The following section 2.04.095 is added to the Ashland Municipal Code: 2.04.095 Identification of Fiscal Impact of Policy Decisions. At such time as the council adopts a new program or policy with significant revenue implications, it shall offer clear direction to city staff and to the budget committee as to how the new program or policy is to be funded. When the city council adopts such a program or policy, it shall indicate how it expects that program or policy will be funded; e.g., which existing taxes or fees the council expects to increase and by how much, or which current city programs or department expenditures the council expects to reduce to fund the new program or policy. However, if the council cannot reasonably identify a potential funding source, it shall so indicate. As used in this section 2.04.095, the term "program or policy with significant revenue implications" includes an ordinance or a resolution in which implementation may entail expenditures in any budget year in excess of one and one-half percent (1.5%) of the city's annual General Fund budget, and which may require increasing existing taxes or fees or imposition of new taxes or fees. of, or necessitated by, public emergencies. The foregoing ordinance was READ on the/f day of PASSE AND ADOPTED this ~ day of _~day of~ The provisions of this section shall not apply to extraordinary expenditures in situations SIGNED AND APPROVED this Re~)iewed as to form: Paul Nolte, City Attorney 1999. 1999, and duly __ day of ,/r"/"~'f'l"'l~t'r' 1999. Catherine M. Shaw, Mayor