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On the federal level, staff will be monitoring changes with the <br />primary ones being: <br />Revenue Sharing- Anticipate a reduction and perhaps "targeting" <br />nn1986 which will probably eliminate this as a source of revenue <br />for Orono ($30,000). If done appropriately with an accompanying <br />tax cut and balancing of the budget it may be beneficial. <br />Community Development Block Grant- Anticipate a 33% reduction in <br />1986 from 27,000 to 18,000T—There is some pressure at the <br />county level (as they are the fund administrator) to "target" <br />this money in a different manner. Staff will work to allow Orono <br />availability of funding for rehab and assessment grant areas. <br />Graham-Ruddman- Anticipate that it possibly may make -many <br />municip� a� bonds taxable and may remove the deductability of <br />state and local taxes (income, sales and property), <br />while not able to do much on a federal level, if appropriate, Orono <br />can correspond with Senators and the Congressional representatives. <br />Proposed Motion - Moved by _, seconded by , that the Council <br />has given staff direction regarding the city's policy position on the <br />above legislature issues to work to effect the appropriate changes. <br />Ayes ,_, Nays <br />