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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />February 22, 1996 <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Kathy Glanzer, Administrative Assistant <br />RE: 1% Gambling Enforcement Tax <br />MAYOR <br />Michael I. Fahey <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />During 1995, the City collected $23,731.66 in 1% Gambling <br />Enforcement Tax. This amount combined with carry -over balance of <br />$78,416 brings the total balance in the 1% Gambling Fund at <br />$102,147.66. <br />I am finalizing the City's 1995 Gambling Expense Report for the <br />State. There are only a couple of small expense numbers left to <br />verify, and I anticipate that 1995 Expenses will be approximately <br />$20,000. This would leave a balance of $82,147.66 in the 1% Fund <br />to be carried over to 1996. <br />Based on this 1% Fund balance, I would recommend that the City <br />repeal the 1% Gambling Enforcement tax effective February 1, <br />1996. The City would then spend down the balance in the 1% Fund <br />to cover its expenses. The Council should be aware that should <br />some unforeseen circumstance arise, the City always has the <br />ability to reenact the Enforcement Tax. <br />Page 79 <br />