Franchise Fee Credit to Citizens/Businesses Motion to amend the 2014 City Budget inclusive of BLW budget to allocate 2% of the 4% of the Franchise fees for electrical charge to our Citizens and business for the period of January to June as a credit to the $11,500,000 transfer from BLW to City general fund. City to make necessary equalizing budget adjustments for this approximate $800,000 and BLW to use to offset anticipated electrical rate increase. Requested by Mayor Tumlin.

Committee

FINANCE/INVESTMENTS COMMITTEE

Requested by

City Manager

Introduced

October 18, 2013

Passed

October 30, 2013