Laserfiche WebLink
NOV. 27. 2000 10: 24AM WELLS FARGO PRIVATE CLIENT SER NO. ubOC F <br /> Discussion Outline <br /> • Arden Hills Finance Committee <br /> 1. Sales Tax Exemption. <br /> - LMC and AMM Policies(eliminate the tax,revenue impact, <br /> relationship to levy base) <br /> - Exemptions since 1991- specific buildings—(public owned <br /> and occupied and public leased), equipment <br /> - School exemption <br /> - LMC AMM conference call with cities of Arden Hills, <br /> Farmington,Blaine <br /> 2. Legislative Actions. <br /> - special law <br /> - general law <br /> - role of local legislators <br /> - cost of exemption to(city,taxpayer) <br /> - reaction of Department of Revenue(fiscal note,official <br /> policy) <br /> 3. Legislative Content. <br /> - definition of facility <br /> definition of activities"improvements to existing,new <br /> construction"- <br /> time frame(retroactive,prospective) <br /> - method of exemption—reimbursement or other. <br /> 4. Legislative schedule <br /> - November—December - determine legislative content <br /> - November-December-meet with local legislators to request <br /> support <br /> - December.Approve proposal locally and request legislator <br /> to have bill drafted. (prepare background briefing paper) <br /> - December—January. With local legislators meet with tax <br /> committee leadership.Purpose is to brief the leadership, <br /> request hearing and gauge feasibility of effort's success. <br /> - January through May—contact with local legislators and <br /> committee members <br /> - January—April. Prepare brief presentation for committee. <br /> II Homestead Credit <br /> - Fiscal Context(Governor's handout) <br /> - State local fiscal relationship reform <br /> - Property tax reform(Governor's Big Plan,Phase III, Senate) <br /> • <br />