HomeMy WebLinkAbout1993-R-26 RESOLUTION DESI~NATIN~
EXPENDITURES OF ANTICIPATED REVENUE
PROM RIVERE~T ~AMIN~
WHEREAS, the taxpayers of Jeffersonville have expressed
collective concern as to how the anticipated revenue from riverboat
gaming will be spent by the city of Jeffersonville;
WHEREAS, the taxpayers have expressed a collective concern
that the tax revenues generated will not be spent in a manner and
fashion which will result in the reduction of property taxes in
Jeffersonville;
WHEREAS, the Indiana Code which established riverboat gaming.
explicitly prohibits the use gaming tax revenues for property tax
relief;
THEREFOREt
Jeffersonville
in an effort to provide the citizens of
an assurance that the proceeds from these gaming
taxes will be used in a manner and fashion which will result in the
reduction of the need for property taxes, the Common Council adopts
the following resolution;
THAT the proceeds generated by
spent in the following fashion:
the gaming
Standard Budget Items 30%
Economic Development 20%
Additional Expenses
Incurred as a result of
Riverboat Gaming (ie.
Additional Police, Fire,
Street Repair, Building
Commissioner, Legal Fees,
Park Department) 20%
Street and Road Repair 15%
Capital Improvements
(ie. Vehicles, Equipment) 10%
Drainage Projects 05%
TOTAL PROCEEDS 100%
revenues shall be
WHEREFORE, the assurance that funds generated by gaming taxes
will be spent in the above fashion will provide the citizens of
Jeffersonville with the assurande that the money will not be spent
in an unreasonable manner by creating new and expensive programs,
purchasing unnecessary vehicles, hiring unneeded employees or
engaging in conduct which is fiscally unsound;
WHEREFORE, the assurance that the funds generated by gaming
taxes will be spent in a reasonable, prudent and fiscally sound
manner should provide the citizens of Jeffersonville with the
confidence that if the gaming referendum is successful, the
proceeds from gaming taxes will be utilized in a fashion designed
to indirectly reduce property taxes in Jeffersonville.
SO RESOLVED ON THIS ~ DAY OF~ 1993.
~ ~..~ Jeffersonville city
council
~drew Williams~III, First District
9 .oon )7 r ot
Donna Fran~, hlrd~trxct
r~~lstrict
~arb~a Wilson,/Fif~ District
Steven Stemler, Council at Large