HomeMy WebLinkAboutResolution 900 Municipal Financial Trust Fund
RESOLUTION NO. 900
A RESOLUTION OF THE CITY OF WINTER SPRINGS SUPPORTING
A LEGISLATIVE INITIATIVE TO REFORM THE MUNICIPAL REVENUE
SHARING PROGRAM AND THE MUNICIPAL FINANCIAL TRUST FUND.
WHEREAS, the Municipal Financial Assistance Trust Fund and the Municipal Revenue Sharing
Program were created in 1971 and 1972, respectively, for the purpose of providing a minimum level of revenue
parity, a reliable and bondable revenue source, and to reduce the need for increasing revenues at the local
level; and
WHEREAS, the aforementioned municipal revenue sharing programs have suffered from a substantial
decline in revenues; and
WHEREAS, the aforementioned municipal revenue sharing programs rely heavily on net cigarette tax
collections which account for approximately seventy (70.5%) or 157.4 million of municipal revenue sharing
dollars; and
WHEREAS, net cigarette tax collections for the City have declined by 1.95%; and
WHEREAS, the state government of Florida and the federal government of the United States of
America are implementing policies to reduce the use of tobacco related products; and
WHEREAS, the decline in use of tobacco related products would improve the health of many Florida
and U.S. citizens; and
WHEREAS, the decline in the sale of tobacco related products will result in the continuing decline in
revenues for Florida's 401 municipalities; and
WHEREAS, the Florida Legislature is the only entity authorized by the Constitution of the State of
Florida to replace such revenues.
NOW THEREFORE, BE IT RESOLVED BY THE CITY OF WINTER SPRINGS:
Section 1. That the City of Winter Springs does hereby encourage the Florida Legislature to approve
the following changes to the financial structure of the Municipal Financial Assistance Trust Fund and the
Municipal Revenue Sharing Program.
Replace the cigarette tax as a primary dedicated funding source with a reliable and stable revenue
source providing adequate growth to enhance our municipal governments' ability to meet the needs of our
community.
Provide a financial commitment to the Municipal Financial Trust Fund and the Municipal Revenue
Sharing Program equivalent to the per capita funding level established in fiscal year 1989-90.
Section 2. That a copy of this resolution shall be made available to the Florida League of Cities, the
Florida Legislature and interested parties.
Resolved and adopted this 25th day of October,1999.
CITY OF WINTER SPRINGS
PAUL P. PARTYKA, MAYOR
ATTEST:
CITY CLERK