95-009 RES
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WHEREAS,
WHEREAS~
WHEREAS~
WHEREAS,
WHEREAS,
WHEREAS,
WHEREAS,
RESOLUTION 95-9
A RESOLUTION FOR THE CITY OF ELK RIVER
BUSINESS PROPERTY TAX RESOLUTION
businesses are the principal source of jobs and economic vitality in
the City of Elk River, and
the City ofElkRiver~s businesses must have competitive prices
in order to stay in business and continue employing residents of
our community, and
business property taxes are a significant cost of doing business,
equaling a second fifteen-year mortgage on every Minnesota
business, and
Minnesota business property taxes place local businesses at a
competitive disadvantage because their taxes are significantly
higher than their competitors in other states, and
communities like the City of Elk River cannot afford to lose jobs
because potential new employers choose other, less expensive
locations, and
previous efforts by the Legislature to reduce effE::~~ive tax rates on
business property have not been successful, and
relief for business property taxpayers must be achieved without
causing significant tax increases on lower income homeowners and
renters and without raising taxes.
NOW, THEREFORE, BE IT RESOLVED that the Elk River City Council does
hereby call on the 1995 Minnesota state legislature to act to make
business property taxes competitive with those in Minnesota's
neighboring states.
Passed and adopted by the Elk River City Council this 20th day of February, 1995.
ATTEST: