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HomeMy WebLinkAboutCC RES 91-028 RESOLUTION CONCERNING ENACTMENT OD A LOCAL SALES TAX BY THE HENNEPIN COUNTY BOARD OF COMISSIONERS Meeting Sheet IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII 103623 Box: 26 Folder: RES 1991 Document: CC RES 91-028 RESOLUTION CONCERNING ENACTMENT OD A LOCAL SALES TAX BY THE HENNEPIN COUNTY BOARD OF COMISSIONERS • CITY OF ST. ANTHONY RESOLUTION 91-028 A RESOLUTION CONCERNING ENACTMENT OF A LOCAL SALES TAX BY THE HENNEPIN COUNTY BOARD OF COMMISSIONERS WHEREAS, the 1991 Legislature established a one-half cent optional sales tax that may be adopted by counties or cities within counties to augment local government property tax relief and create a dedicated two-cent revenue stream called the Local Government Trust Fund; and, WHEREAS, if Hennepin County fails to adopt the optional sales tax, the sales tax for Hennepin County will remain at 6 percent, and the county's 1.5 cent share of the revenue stream will be distributed to other cities and counties; and WHEREAS, counties and cities within counties failing to adopt the optional tax lose all of their Local Government Aid and Homestead and Agricultural Credit Aid; and 1 WHEREAS, counties and cities within counties may make up for the lost LGA and HACA funds by raising property taxes or cutting services, or a combination of both. • NOW,THEREFORE, BE IT RESOLVED, that the City Council of the City of St. Anthony does support and request that the County Board of Commissioners of Hennepin County does adopt the optional one-half cent sales tax by July 1, 1991, as stipulated in Session Laws Chapter 291. Adopted this Oh day of j i n e, 1991. Mayor ATTEST: City Clerk Reviewed for administration: 7 City Manager