1991-014 Council Resolution - Laserfiche WebLink

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Council Member Reinert and moved its adoption: introduced the following resolution CITY OF LINO LAKES RESOLUTION NO. 14 - 91 RESOLUTION URGING THE MINNESOTA LEGISLATURE TO RETAIN THE MINNESOTA FISCAL DISPARITIES CONTRIBUTION RATE AT ITS PRESENT FORM WHEREAS: the North Metro Mayors Association has joined together to "foster closer relationships, improve communications, and better coordination between its members, legislative delegations, elective officials and city staffs;" and WHEREAS: the North Metro Mayors Association has adopted a mission statement which will direct its efforts to initiate actions, provide leadership and commit resources necessary to ensure the equitable distribution of economic development, shared tax resources and uniform investment in public facilities throughout the metropolitan community; and WHEREAS: the State of Minnesota adopted a system designed to share tax resources in the metropolitan area known as fiscal; and WHEREAS: the Minnesota fiscal disparities law is the very first tax sharing system adopted in the United States and has become a model for other states: and WHEREAS: the idea of tax -base 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 these "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 their 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. One city might provide a family a place to live, another a place to work, another a place to attend school, another a place to shop, another a