Ordinance 67193

Graduated business license tax for the Public Trust Fund

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BOARD BILL #155 INTRODUCED BY ALDERMEN STEPHEN CONWAY, O. L. SHELTON, LEWIS REED, KEN ORTMANN, JOE VOLLMER, STEPHEN GREGALI, JENNIFER FLORIDA, KATHLEEN HANRAHAN, WILLIAM WATERHOUSE An ordinance relating to the graduated business license tax imposed pursuant to Ordinance 60643 and the proposition relating to the graduated business license tax submitted to the voters pursuant to Ordinance 67091, setting forth public safety purposes for which revenue generated by the proposition shall be used; providing further for the establishment of a Public Safety Trust Fund and for the establishment of an Enhanced Police Services Account, an Enhanced Criminal Prosecution Account, and an Enhanced Problem Properties and Nuisance Crime Prosecution Account within such Fund into which all revenue derived from the increase in the graduated business license tax pursuant to the approval of the voters and all interest on such revenue shall be deposited, allocated and credited and setting forth the purposes for which monies in such Trust Fund and such Accounts shall be used; restricting the use of monies in such Trust Fund and such Accounts to expenditures for the purposes listed; requiring an annual review by the Ways and Means Committee of the Board of Aldermen to monitor the distribution of all monies in the Public Safety Trust Fund; and containing a severability clause and an emergency clause.

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Legislative History

Session: 2006-2007
Board Bill Number: 155
Primary Sponsor: Stephen Conway
Co-Sponsors: O L Shelton
Lewis E Reed
Kenneth Ortmann
Joseph Vollmer
Stephen Gregali
Jennifer Florida
kathleen Hanrahan
William Waterhouse
Committee: Ways and Means
First Reading: 06/30/2006
Second Reading: 07/14/2006
Perfection: 07/21/2006
Third Reading: 07/21/2006
Effective Date: 08/01/2006


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