HomeMy WebLinkAbout1993-11-08 94-8 RESOLVEDate WV,0.'U-08-93 Item No. 94-8
SNE: Atctptante of Stare of Matra - Pxcperty
Tax ]Iol f Fml Diar.:i.rtv
Item/Subject:
Responsible Department: Pisunta
Commentary:
Unclear Sate Lap+, Hie State of sr•:.e is requfral to trare£er ball of Tte
State's lam' ad unuappmpriated gaueral fuM Surplus into a Property rat
relief fuatl to be disteibaoatl to nemicipani thcougbost the State bused
on to . alder this distribution,. ttm City of Beep bas
received 583,745.92.
The Start requires tlsat these fords ba usal for capital purzposea, to necluos
bcrxbs for capital purposes ard/a as local share fox capi ptojerra.
The attaclead Bssolu would a^cept these funis anti trent ttean to flue (Yretal
Fucl IHaerye for Capital ivptwaetra. Tile evtazt a use of tlsae ftads will
be dntc,mi tl as an el of t City's amoral updere of its capital
ing�mvmeM pmrymu which is cuxrarttly un da .
)Xyartmmf Xnd
Manager's Comments:
' Ciry Awnugn
Associated Information:
l�eolve, tbmrmxfm fore State Tteaseier, Dea¢ip•; ^^ of
Be get Ppprovel:
Finance Director
Legal Approval:
vuvf
[nysawm,r
Intr duced For
FPmaage
L First Reading Page of —
❑ Referral
94-8
Assigned to Councilor Soucy
November 8, 1993
CITY OF BANGOR
(TITLE.) �PSIIILIP;--......_mepranra.Of.ffite of.Maure_-... Property.Tax -N�_...
.
Fund
By bm Cfry Cmmml of Me City of Bayo+:
MWLVED.
bufxm$• Chapter 534, M 1989, Pert P requires the State of b1aUm W
transfer bedf of the State's year end wep{ssq fated (a e1
Fmd surplus into Property Tax HeUef Fubl; ant
➢ROffA„ ma Stare of name mist distribute these fn Ss to mWcipilitiea
heal an population; and
4yffiMTS, 11c State of ns:.n requires that the funds received be need for
capital �; reduce bonding for capital p osw and/or as
the local share for capital projects; and
4IIIE[aTv^^, 11c State of Maine has dia[ittutsi $83,745.92 to the City of
Bargor.' from the "Prgerty Tax Relief FLM";
NAW, EE TT INSmNF.D• T s the City of Eanpr accepts the payment
of $83,745.92 from the State of MaierProperty 1 R1ief nuid;
and
l36 TT NI�NR
SeRe�•Vfor CENT the £mils he ceMiffiC to General Pimd
eeryfor e Capital hIDgrzweimta (91-2223-00)0) ; and
BE TT FM1IRli®i I@9tIIN®, TINT a ceq of this Resolve be filed with tbs
C®missicnar of PUNm:e ant azbiniatrnticn to satisfy the
requuranents for accepting State funds.
IN CITY Co0NCI1 -
November 8, 1993
Passed
(Iae gduced by Councilor Sullivan)
CITY
94-8
RESOLVE
Acceptance of State of Maine -
Property Tax Relief Punct.
W
1 SLATE OF b1AME
TREASURY DEPARTMENT
STATE HOUSE STATION N
AUGUSTA, SIAM 04113
O0D 287-2771
October 28, 1993
To: All Municipalities
From: Sam`_I Shapiro, State Treasurer . ..
David Bourne, State Controller
Enclosed is a State of Maine check payable under Title 30A MRSA 85683, Property
Tax Relief. The expenditures of these funds are restricted under Section 5 of
that Title as described below:
Restrictions of use of funds. Funds distributed to municipalities pursuant to
this section shall be expended only after the municrml legislative body has
authorized the expenditure in the annual Municipal budget. Funds shall be ex -
Banned only for the following purposes:
A For'C 1 construction d land 1
equipment acquisitions other nonrecurring proposes;
B.For o
Purposes for which bonds have been previously aufheri2ed but or -
yet issued, in order to eliminate the need toincur the indebtedness' and
C. For the local share of state, federal or privately financed caoital
construction and improvemment pro'ects.
Should you have any further questions regarding the use of these funds call
Maurice Stickney or Marc Cyr - State Treasury, 287-2771
State of Maine
Property Tac Relief Fund Distribution
For the Fiscal Year Ended June 30,1993
Panama to Chapter 534, P.L 1989, Part F, the State transfers from the unappropriated
surplus of the General Fund an amount not to exceed L2 of the balance remaining after
all other transfers have been made from oe excess of most General fwd revenues over
estimates in Nat fiscal Year
Amour transferred, after all other required troupers $3,101,067
State population currently used by the State Treasurer
in oe State Revenue Soaring formula 1.234,620
Per capita distribution Property Tax Relief $2.51
Expected now of payment by the State Treasurer: Week of ORoba 25 1993 s
The following is excerpted from Section 5 of the law regarding toe restrictions on the use
of Ne funds as defined by the Legislature:
Restrictions on use of funds. Funds distributed m municipalities pursuant to this section
shall be expended only after the municipal legislative body bas amortized the expenditure
m the annual municipal budget. Funds shall be expended only for the following
purposes:
A. For capital construction and improvemenra, land acquisitions, capital.
equipuem acquisitions or other aomecuaivg purposes;
B. For purposes for which bonds have been previously audamized but int yet
issued, in order to elindom the need to incur indebtedness; and
C. For the local share of state, federal or privately £ranted capital
construction awl improvement Projects.
General Goce men(
(1) Sate Local Revenue Sharing
ax Rand for the Elderly
easy. Tax Relieltorthe Non-ENely
1 Pro"" Tex Belief Reserve
Tree Smooth Tax
Veteran's Reimbursement
Paym ent in tleu of Taxes,
Growth Mere9ement Grants
Sub Total
-Education
General Pumposa AM
Other Local School Programa
(21(31 Teacher Warrant
(4) Teacher RewgMtim Grants
Energy COMAnVa8on-Public Schools
Educational Restructuring 9 Improvement
Human Service;
General Assistance
Environmental Protection
WastewateAPollmlon Treatment Facilities
lmgrna cleanup
HIS
LocalM Programs
SchoolConslrvction Aceislence 16.5 20.3 20.3 245 31A 260 260 26y 36.0 35.0
included In G.P.A. Tobk)
School Subsidy in General- Same as General Purpose AM 61
(1) Local Revenue Sharing includes Inventory Tax Reimbursement L`
(2) iY 91 includes a transfer of 49,1 million from the Dimbiliry Reserve.
(3) FY IS Teaer ed by 54.5 million W reflect the change W 27 year smart cation.
(4) Recognition Giants became can of G.PA after FY O0.
BOB: 28 -Sep -93
STATE AID TO MUNICIPAl1TIE9
-
(MILLIONSOFDOLLARS)
ACTUAL
RUOGETED
1986
1987
1988
ID80
1090
1991
1092
1993
1994
1995
41.4
40.6
56.9
829
60.0
WA
52.8
50.9
(65.5
64.0
5.5
5,4
5.6
7.0
5.6
6.7
5,3
6,6 i„,�.V'.j
AS
6.0
-
-
-
2.7
14.2
141
1T.a
10.8
3.7
3.6
0.9
2.B
0,8
09
O6
0.8
I.6
2.1
1.5
2.1
2.1
2.1
0.2
02
03
0.2
0,2.
OS
0s
Os
07
OB
0.3
0.2
1.0
2.5
a0
1.4
yo
L
AID
55.7
M.3
74.6
84.9
6].]
79.1
90.8
ID
70.9
76.93
294.0
300.6
045.2
4205
475.9
407.1
$13.0
514.6.
504.9
511.6
1.5
1.5
0.1
3.3
0.0
8.2
6.0
6.8
6.4
8.4
66.7
68.6
0],8
93.6
116.6
111.7
65.7
139.3
100.9
128.6
14.4
27.3
25.4
0.3
1.4
1.1
6.7
6.9
71
7.1
11.4
14.9
17A
9,0
6 9
6,9
5.5
10.3
18.0
9.8
0.6
15.9
8.8
]A
5.0
8.7
i.>
1A
2
1.0
SchoolConslrvction Aceislence 16.5 20.3 20.3 245 31A 260 260 26y 36.0 35.0
included In G.P.A. Tobk)
School Subsidy in General- Same as General Purpose AM 61
(1) Local Revenue Sharing includes Inventory Tax Reimbursement L`
(2) iY 91 includes a transfer of 49,1 million from the Dimbiliry Reserve.
(3) FY IS Teaer ed by 54.5 million W reflect the change W 27 year smart cation.
(4) Recognition Giants became can of G.PA after FY O0.
BOB: 28 -Sep -93