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RS-11. ASSESSMENT EQUALIZATION (C) <br />Sales Ratio Equalization <br />The Legislature should require that all cities have at least a 90% sales <br />ratio. The sales ratio sample should be conducted or audited by the state <br />Department of Revenue, the Commissioner of which would be required to make <br />aggregate increases in those cities below 907. All costs incurred by the <br />Commissioner shall be paid by the assessing jurisdiction. The sales ratio <br />sample should be for a 12-month period, beginning no more than 18 months <br />before the assessment date. <br />RS-12. LOCAL OPTION TAXES (C) <br />The League recommends that cities be given local option as to other <br />non-tradit oval revenue sources in the event that state shared revenues are cut <br />back. <br />Local option taxes such as city or region imposed sales or income taxes <br />should be considered only to replace any loss in state shared revenues. They <br />should not replace the traditional revenues of cities. Sales and income taxes <br />are much more volatile in that they more directly reflect national economic <br />trends. Few cities have the capacity to accurately predict changes in their <br />economy and thus financial planning for these revenues would be difficult. <br />-47- <br />