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STAFF REPORT <br /> AUGUST 24, 1992 <br /> PAGE FOUR <br /> Franchise fees represent an alternative taxation method which <br /> constitutes a broadening of the tax base to include all users of <br /> City services and does not place additional tax burdens on the one <br /> taxation method over which residents have little control -- <br /> property valuation and subsequent property tax calculation. <br /> As directed, Staff has prepared the ordinance implementing a 4% <br /> franchise fee on Northern States Power's electric and gas operating <br /> revenues. <br />