Stark

 

 

CITY OF HOMER

HOMER, ALASKA

 

RESOLUTION 04-29

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, ENDORSING HOUSE BILL 431, A PROPOSED MUNICIPAL DIVIDEND PROGRAM.

 

 

     WHEREAS, House Bill 431 is proposed to provide State funds to Alaska municipalities for general government purposes, and

 

     WHEREAS, State revenue sharing funds have been eliminated, which, along with increases in insurance and retirement costs, has greatly impacted local government in Alaska, leading some municipalities to consider dropping services to the public, and

 

     WHEREAS, the proposed Municipal Dividend Program would be funded from Permanent Fund earnings only after provision for dividends and inflation proofing.

 

     NOW, THEREFORE, BE IT RESOLVED that the Homer City Council endorses the concept of the Municipal Dividend Program as proposed in House Bill 431.

 

     PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF HOMER, ALASKA, this 8th day of March, 2004.

 

                                                              CITY OF HOMER

 

 

 

                                                              ________________________

                                                              JACK CUSHING, MAYOR

 

ATTEST:

 

 

 

_______________________________________

MARY L. CALHOUN, CMC, CITY CLERK

 

Fiscal Note: Not Identified

 

 

3/08/04 - jj