HomeMy WebLinkAboutRESOLUTION 1981-37r
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CITY OF RENAI
RESOLQTION N0. 81-37
~' A RESOLUTION OF THE COIINCIL OF THE CITY OF RENAI, ALASKA,
EXPRESSING THE INTENT OF THE CITY TO USE ANY FIINDS RECEIVED PROM
THE STATE SUPPLEMENTING THE 1980-1981 MUNICIPAL ASSISTANCE OR
REVENUE SHARING FUNDS FOR THE REDUCTION OF TAXES.
WHEREAS, there are sereral bills in the State Legislature
designed to supplement funds granted to municipalities for the
1980-1981 fiscal year, and
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~~ ~ WHEREAS, it has been the expressed intent of some legislators
that such funds should be used for reduction of local taxes, and
WHEREAS, a large grant of funds received and applied to reduction
of one year's taxes would result in a dramatic drop in the mill
levy, but such funding might result in just as dramatic an
increase in the mill levy the following year, and this might have
an unsettling and unhappy affect ~~~ ~~~a citizens of the City of
Renal,
NOW, THEREFORE, BE IT RESOLVED BX THE COUNCIL OF THE CITY OP
- RENAI, ALASKA, that it is the intent of the Council of the City
of Kenai that in the event any supplementary funding of municipal
~ assistance or revenue sharing for the 1980-1981 fiscal year (such
~ as is contemplates under SB 125) is received from the state, such
funding will be used for the reduction of local taxes as may be
required by law or over a period of time not to exceed five
years, whichever is the lesser.
PASSED BY THL COUNCIL OF THE CITY OF REN ,, ALASKA, this 1st day
,
• of April , 19 81. ~~ /~
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VINCENT 0' REI LL~C,--iNAiCt7R-
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~ ATTEST s
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et Whelan, City Clerk