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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-042 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, URGING THE GOVERNOR AND LEGISLATURE TO ESTAB- <br />LISH A MUNICIPAL DIVIDEND <br /> <br />WHEREAS, municipal governments have partnered with state officials to find a solution to <br />steadily increasing local property taxes due to continuing state cuts to municipal revenue sharing; and <br /> <br />WHEREAS, the Municipal Dividend is a first step toward a long-range financial plan for <br />Alaska; and <br /> <br />WHEREAS, a Municipal Dividend does not impact the currently calculated amount ofthe <br />Permanent Fund Dividend over the next 20 years, while it provides local support in the amount of <br />$125 - $150 per capita that would otherwise be required from local taxes; and <br /> <br />WHEREAS, a Municipal Dividend is a long term solution to stabilize funding for municipal <br />revenue sharing and Municipal Capital Matching Grants, and will have a major impact on stabilizing <br />local taxes; and <br /> <br />WHEREAS, the Municipal Dividend will allow the Governor and Legislature to decrease <br />State General Fund spending (previous State General Fund support for revenue sharing and capital <br />matching grants) by approximately $45 -$55 million, allow the Legislative Majority to meet its $30 <br />million General Fund reduction goal, while increasing the option for funding of schools, the <br />University, Power Cost Equalization, etc.; and <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. The Seward City Council urges Governor Tony Knowles and the Alaska State <br />Legislature to establish a Municipal Dividend. <br /> <br />Section 2. This resolution shall take effect immediately upon its adoption. <br /> <br />PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 24 day <br />of April, 2000. <br />