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1985-21 Supporting Full Funding of Fiscal Year 1986 Municipal Assistance Revenues and State Revenue Sharing.KODIAK ISLAND BOROUGH RESOLUTION NO. 85-21-R A RESOLUTION OF THE KODIAK ISLAND BOROUGH ASSEMBLY SUPPORTING FULL FUNDING OF FISCAL YEAR 1986 MUNICIPAL ASSISTANCE REVENUES AND STATE REVENUE SHARING. WHEREAS, the Alaska State Legislature adopted a formula funding program for the municipal assistance program which is thirty percent of the previous years corporate income tax, and WHEREAS, the amount for FY 86 is estimated to be $87.9 million, which is $1.7 million more than the $86.2 million requested by Governor Sheffield in his FY 86 budget request, and WHEREAS, the Municipal Revenue Sharing funds requested by Governor Sheffield in the amount of $61.4 million are also formulas based on specific services, and WHEREAS, the municpalities of Alaska base their planning on these formulas and rely on these laws, and WHEREAS, partial and irregular funding of the formula causes major budgeting problems for municipalities because local budgets must be approved before the state budget is adopted, and WHEREAS, reduced funding for the Kodiak Island Borough will result in either increased local property taxes or reduced local services. NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island Borough Assembl, respectfully requests the Alaska State Legislature to fully fund the Municipal Assistance Program for FY 86 at the adopted statutory formula in the amount of $87.9 million and the Municipal Revenue Sharing Program at the Governor's requested level of $61.4 million. BE IT FURTHER RESOLVED that copies of this resolution be forwarded to The Honorable Bill Sheffield, Governor of the State of Alaska The Alaska Municipal League The Honorable Fred F. Zharoff, State Senate The Honorable David W. Thompson, [louse of Representatives The Honorable Edna B. DeVries, Chairman, Senate C&RA Committee The Honorable Jan Faiks, Co -Chairman, Senate Finance Committee The Honorable John C. Sackett, Co -Chairman, Senate Finance Committee The Honorable Peter Goll, Chairman, House C&RA Committee The Honorable Albert P. Adams, Chairman, House Finance Committee PASSED AND APPROVED this 7th day of KODIAK ISLAND BOROUGH By L2L :.' 1 , (ATTEST: /�i� l/.. i / / 1985.