HomeMy WebLinkAboutResolution No. 2011-129 RESOLUTION NO. 2011-129
BEING A RESOLUTION REQUESTING NO CHANGE IN FISCAL DISPARITIES
WHEREAS, the State of Minnesota adopted Minnesota Statute Section 473F — a system
designed to share tax resources in the metropolitan area known as fiscal disparities; 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 the
metropolitan pool and apportioned back to communities according to their population and overall
tax base; and,
WHEREAS, the Minnesota fiscal disparities tax sharing system is working and is making
progress towards its objective; and,
WHEREAS, tax base sharing results in spreading 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. Further, fiscal disparities is an integral part of the metropolitan area's property tax
system, and is a fundamental benefit to the entire metropolitan area because it recognizes that
communities are in interdependent economic unit — as shown by the recent formulation of the
economic development organization called "Greater MSP";
NOW, THEREFORE, BE IT RESOLVED that the City of Columbia Heights respectfully
requests the Governor and the Minnesota Legislature to support continuation of the current
Fiscal Disparities Law.
Passed this 14 day of November 2011
Offered by: Diehm
Second by: Schmitt
Roll Call: Ayes: Peterson, Williams, Nawrocki, Diehm, Schmitt
fir' / 7N,.... ,
` r Gary : Peterson
Attest:
atricia Muscovitz C C
ity Clerk