2004-10 Supporting House Bill #431 - Municipal Dividend ProgramKODIAK ISLAND BOROUGH
RESOLUTION NO. 2004 -10
Introduced by: Mayor LeDoux
Requested by: Assembly
Drafted by: Borough Clerk
Introduced: 03/04/2004
Adopted: 03/04/2004
A RESOLUTION OF THE ASSEMBLY Of THE KODIAK- ISLAND- &OROUGI-t
SUPPORTING HOUSE BILL 431 TO ESTABLISH A
MUNICIPAL DIVIDEND PROGRAM
WHEREAS, full state funding for essential municipal services is going unmet due to
severely reduced state municipal assistance and revenue sharing allocations; and
WHEREAS, increases in local property taxes are not the answer to declining
allocations, especially in many communities where there is an insufficient tax base to
draw upon; and
WHEREAS, HB 431 would establish a Municipal Dividend Program to aid
municipalities with state appropriations allocated for unrestricted use by local
governments; and
WHEREAS, HB 431 defines that the amount of a municipal dividend for a fiscal year
would equal $250 for each person residing in the municipality; and
WHEREAS, this plan would provide approximately $1,621,000 to the Kodiak Island
Borough in the next fiscal year;
NOW, THEREFORE, BE IT RESOLVED THAT THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH supports House Bill 431 to establish a Municipal Dividend Program.
ATTEST;
Reet.a
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS FOURTH DAY OF MARCH, 2004
KODIAK ISLAND BOROUGH
J udith A. Nielsen,lcMc, Borough Clerk
Kodiak Island Borough, Alaska
Gabrielle LeDoux, Borough Mayor
Resolution No. 2004 -10
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