91-7760R15
RESOLUTION NO. ?760
A RESOLUTION URGING COUNTY ADOPTION OF
ONE-HALF CENT LOCAL OPTION SALES TAX AND
SUPPORTING A DEDICATED TWO-CENT REVENUE
STREAM FOR THE LOCAL GOVERNMENT TRUST FUND
WHEREAS, the 1991 Legislature establish 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, the adoption of the one-half cent local option tax by
Hennepin County would maintain aides to the counties and the cities
and townships within the County; and,
WHEREAS, failure of Hennepin County to adopt local option
sales tax would result in the loss of all county, city and township
aids within the county amounting to an aid loss of about 2.4 times
as much as the County revenues from the one-half percent sales tax;
and,
WHEREAS, the failure of Hennepin County to adopt the local
option sales tax would result in the County's share of the 1.5 cent
share of the revenue stream to be distributed to other counties and
cities within the State of Minnesota that have adopted the local
option sales tax; and,
WHEREAS, the failure of Hennepin County to adopt the local
option sales tax would result in the aids currently being received
by the City of Richfield to be reduced by some $4,768,701; and,
WHEREAS, the failure of Hennepin County to adopt the local
option sales tax would greatly ,increase property taxes throughout
Hennepin County including more than doubling property taxes in the
City of Richfield,
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of
Richfield does support and request that the County Board of
Commissioners of Hennepin County do adopt the optional one-half
cent local option sales tax by July 1, 1991, as stipulated in
Session Laws Chapter 291.
Adopted by the City Council of the City of Richfield,
Minnesota this 10th day of June, 1991.
~i ~ _ ~ 1
Martin J. K rsch, Mayor
ATTEST:
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Thomas P. Ferber, City Clerk