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HomeMy WebLinkAboutResolution 7902 RESOLUTION 7902 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION TO THE GOVERNOR AND STATE LEGISLATURE REQUESTING NO CHANGE IN FISCAL DISPARITIES WHEREAS,the State of Minnesota adopted Minnesota Statute 473F, a system designed to share tax resources in the metropolitan area otherwise known as the"Fiscal Disparities Act"; and, WHEREAS,the Minnesota Fiscal Disparities Act 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 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 these"haves"and"have-nots,"the law requires that 40 percent of new commercial-industrial tax base be put back into a metropolitan pool and be 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 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 the electricity to light their home, and another a location to handle waste products; and, WHEREAS, the Fiscal Disparities tax sharing system is working and is achieving its objective; and, WHEREAS, tax base sharing spreads 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;furthermore, Fiscal Disparities helps promote orderly growth in the entire metropolitan area; and, WHEREAS, Fiscal Disparities is an integral part of our property tax system and is a fundamental benefit to the entire metropolitan area because it recognizes that we are an interdependent economic unit as evidenced by the recent formulation of the economic development organization called "Greater MSP". NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that it respectfully requests Governor Dayton and the Minnesota Legislature to oppose any change to the current Fiscal Disparity laws. Adopted this 27th day of February, 2012. oe Flaherty, ATTEST: �J cc�YU.�t f.U,�Q�I�_ James Ericson, City Administrator (seal)