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Resolution 11 -026 <br /> RESOLUTION REQUESTING THAT THE MINNESOTA LEGISLATURE <br /> MAKE NO CHANGE IN FISCAL DISPARITIES <br /> WHEREAS, the State of Minnesota adopted Minnesota Statute Section 473F — a system <br /> designed to share tax resources in the metropolitan area known as fiscal disparities; and, <br /> WHEREAS, the idea of tax -base sharing is to narrow the gap between communities with a <br /> strong and growing commercial- industrial tax base and communities with small or stagnated <br /> commercial- industrial tax base. To lessen the difference between these "haves" and "have - nots," <br /> the law requires that 40 percent of new commercial- industrial tax base be put back into the <br /> metropolitan pool and apportioned back to communities according to their population and overall <br /> tax base; and, <br /> WHEREAS, tax base sharing makes sense because communities in the Twin Cities area are <br /> interdependent parts of a single economic entity. One city might provide a family with a place to <br /> live, another a place to work, another a place to attend school, another a place to shop, another a <br /> place to generate electricity to light their home, and another location to handle waste products; <br /> and, <br /> WHEREAS, the Minnesota fiscal disparities tax sharing system is working and is making <br /> progress towards its objective; and, <br /> WHEREAS, tax base sharing results in spreading the benefits of regional centers and <br /> facilities to communities that do not have them but whose taxpayers support them, either through <br /> sales or income taxes. Further, fiscal disparities helps promote orderly growth in the entire <br /> metropolitan area; and, <br /> WHEREAS, fiscal disparities is an integral part of the metropolitan area's property tax <br /> system, and is a fundamental benefit to the entire metropolitan area because it recognizes that <br /> communities are an interdependent economic unit — as shown by the recent formulation of the <br /> economic development organization called "Greater MSP ": <br /> NOW, THEREFORE, BE IT RESOLVED that the City of Centerville respectfully requests <br /> the Governor and the Minnesota Legislature to support continuation of the current Fiscal <br /> Disparities Law. <br /> Adopted by the City Council this 23` day of November, 2011. <br /> Tom Wilharber, Mayor <br /> C"Attest: <br /> Teresa Bender, Clerk <br />