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HomeMy WebLinkAboutRes 1847 - Preserve Streamlined Sales Tax Mitigation Distribution in 2015-2017 State BudgetCitv of Tukwila Washington Resolution No. 1847 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, URGING GOVERNOR INSLEE AND THE LEGISLATURE OF THE STATE OF WASHINGTON TO PRESERVE THE STREAMLINED SALES TAX MITIGATION DISTRIBUTION IN THE 2015-2017 BUDGET. WHEREAS, in 2007 the State of Washington entered into the Streamlined Sales Tax (SST) Compact that changed the credit for local sales taxes from point of origin to point of destination; and WHEREAS, this change to sales tax sourcing had significant negative fiscal impact on numerous local jurisdictions in Washington, including the City of Tukwila, whose taxing structures are highly dependent on sales tax receipts; and WHEREAS, in 2007 the State of Washington committed to easing this impact to jurisdictions through implementation of the SST mitigation program; and WHEREAS, the City of Tukwila is home to regionally vital warehousing, manufacturing, and retail complexes and expends significant resources toward the infrastructure and services necessitated by these enterprises; and WHEREAS, the City of Tukwila's sales tax revenues have been significantly impacted by SST implementation and the City relies upon the ongoing commitment of SST mitigation payments toward the provision of essential services and infrastructure; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: The City Council urges Governor Ins lee to retain streamlined sales tax mitigation payments to local jurisdictions at current levels in his proposed 2015-2017 Budget, and further urges the Legislature of the State of Washington to adopt said SST mitigation payments. W:\Word Processing\Resolutions\Streamlined sales tax mitigation distribution 11-12-14 LH:bjs Page 1 of 2 PASSED BY THE CITY COUNCIL OF THE CITY OF TUKWILA, WASHINGTON, a a Regular Meeting thereof this j fri4 day of out) h , 2014. ATTEST/AUTHENTICATED: 1:2) Christy O'F ah y, MMC, City Cle D Seh Quinn, Council President APPROVED AS TO FORM BY: Rachel Turpin, City Attorney Filed with the City Clerk: 11- 1J-10 Passed by the City Council: VI Resolution Number: I4'Lir7 W:\Word Processing\Resolutions\Streamlined sales tax mitigation distribution 11-12-14 LH:bjs Page 2 of 2