2012-001 Council Resolution - Laserfiche WebLink

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Council Member Rafferty introduced the following resolution and moved its adoption: CITY OF LINO LAKES COUNTY OF ANOKA RESOLUTION NO. 12 -01 RESOLUTION REQUESTING NO CHANGE IN FISCAL DISPARITIES WHEREAS, the State of Minnesota adopted Minnesota Statute Section 473F, a system designed to share tax resources in the metropolitan area known as fiscal disparities; and WHEREAS, the idea of tax -base sharing is to narrow the gap between communities with a strong and growing commercial - industrial tax base and communities with small or stagnated commercial - industrial tax base. To lessen the difference between the "haves" and "have - nots," the law requires that 40 percent of new commercial- industrial tax base be put back into the metropolitan pool and apportioned back to communities according to its population and overall tax base; and WHEREAS, tax -base sharing makes sense because communities in the Twin Cities area are interdependent parts of a single economic entity where one city might provide a family with a place to live, another a place to work, another a place to attend school, another a place to shop, another a place to generate electricity to light their home, and another location to handle waste products; and WHEREAS, the Minnesota fiscal disparities tax - sharing system is working and is making progress towards its objective; and WHEREAS, tax -base sharing results in spreading the benefits of regional centers and facilities to communities that do not have them but whose taxpayers support them, either through sales or income taxes. Further, fiscal disparities helps promote orderly growth in the entire metropolitan area; and WHEREAS, fiscal disparities is an integral part of the metropolitan area's property tax system and is a fundamental benefit to the entire metropolitan area because it recognizes that communities are an interdependent economic unit, as shown by the recent formulation of the economic development organization called "Greater MSP "; NOW, THEREFORE, BE IT RESOLVED that the Lino Lakes City Council respectfully request the Governor and the State Legislature to support continuation of the current fiscal disparities law.