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[COMMITTEE SUBSTITUTE FOR] ORDINANCE NO. 260205
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Sponsor: Director of Finance Department
COMMITTEE SUBSTITUTE
Adopting the Annual Budget of the City for the Fiscal Year 2026-27; waiving the requirements in Article VI, Section 2-931 of the Code of Ordinances entitled "Neighborhood tourist development fund committee" for the purposes of the appropriations contained herein; estimating the revenues for the fiscal year; appropriating for the purposes stated the sums set forth in the budget; directing the Director of Finance to make the necessary entries upon the City's records to show the appropriations and allocations provided for; estimating TIF Surplus revenue in the amount of $6,924,222.00 to the Capital Improvements Sales Tax Fund and $2,800,335.00 to the General Fund for purposes of the appropriations contained herein; authorizing inter-fund loans; and electing to establish a budget adoption deadline pursuant to Section 805(i) of the City Charter.
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WHEREAS, Section 805 of the City Charter requires the City Council to adopt an annual budget and, as adopted, the budget constitutes an appropriation of the amount for the purposes stated as the appropriation and authorization of the amount to be raised by taxation for the purposes of the City, plus any unencumbered balance from previous years;
WHEREAS, the City Council has reviewed this budget and held public hearings; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:
Section 1. That the budget now on file in the office of the City Clerk and identified by the Clerk as Document No. 260205 is hereby adopted as the annual budget of the City of Kansas City, for the Fiscal Year 2026-27, with the additions and reductions as shown on the following:
Amendment A - Administrative Changes
Amendment B - Policy/Program Changes
Section 2. That the City Council hereby waives the requirements in Article VI, Section 2-931(2)(e) o...
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