CCP 03-09-1992 - Laserfiche WebLink

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. . I COUNTY RESOLUTION TO REPEAL 1/2 PERCENT "OPTIONAL" SALES TAX . WHEREAS, the 1992 tax bill as passed by the state legislature contained a provision for the establishment of a Local Government Trust Fund, and WHEREAS, it was the understanding of county governments at the time of passage, that the additional one-half percent was added to the State's sales tax to establish such a trust fund, and WHEREAS, it was further understood that approximately two cents of the sales tax and one-half cents collected would be dedicated to this Local Government Trust Fund, and WHEREAS, the establishment of such a trust fund would help to keep property taxes low by providing a guaranteed flow of sale tax income to county and township governments, and WHEREAS, the Governor has eliminated county and township Homestead and Agricultural Credit Aid from the distribution of Trust Fund revenues through the use of his line item veto authority, and WHEREAS, The legislature failed on its first attempt to override the Governor's veto, so . THEREFORE, BE IT RESOLVED, that the ---------- County Board of Commissioners does hereby give notice that it is the intent of the County Board of Commissioners to rescind the "optional" 1/2 percent sales tax that was just passed by this same board in 1991, if the Governor and Legislature fail to restore the lost Homestead and Agricultural Credit and Disparity Reduction Aid that resulted from the Governor's veto. . ----