HomeMy WebLinkAbout21-93 RESOLUTION•
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RESOLUTION NO. 21-93
A RESOLUTION OF INTENT TO RE -SUBMIT TO THE
VOTERS THE 1C SALES TAX AND TO CONSIDER
ABOLISHING THE CITY'S 3.8 MILL PROPERTY TAX.
WHEREAS, the Supreme Court of Arkansas, subject to the City's petition for re -hearing,
has instructed the Chancellor to enjoin further collection of the City's 1C sales tax; and
WHEREAS, if and when the current sales tax is enjoined, the citizens of Fayetteville will
be without the finances needed for essential capital improvement projects and general operating
expenses; and
WHEREAS, the re -submission of the 1 C sales tax would allow the voters to re -approve
the tax for such essential purposes, and
WHEREAS, the abolishment of the City's current 3.8 mill property tax should be
considered as a method of allowing the Fayetteville School District to seek additional funds
without mcreasmg the taxes of Fayetteville citizens; and
WHEREAS, a resolution of intent is beneficial in order to stimulate citizen discussion
of these issues which are vital to the future of Fayetteville.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Mayor and City Council hereby state their intent to re -submit to
the voters the City's le sales tax as soon as feasible after any final Supreme Court ruling
abolishing such tax.
Section 2. That the Mayor and City Council hereby further state their intent to
consider abohshing the City's 3.8 mill property tax in an effort to assist the Fayetteville School
District without increasing taxes.
PASSED AND APPROVED this 2nd day of February , 1993.
ATTEST:
By
APPROVED:
By: 47/A
red Hanna, Mayor