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HomeMy WebLinkAboutResolution 1239R Resolution IN SUPPORT OF AN EXPANDED BASE FOR SALES TAX PXaaz.uxzoXd Rio. WHEREAS, sales tax receipts for the State of Texas and for cities across the state have been steadily decreasing, and, WHEREAS, sales tax receipts for the City of Fort Worth are down by 10 percent; and, WHEREAS, the City faces ever-increasing service demands for public safety, water, wastewater, solid waste disposal, and other services, and, WHEREAS, the Texas economy is undergoing fundamental changes, shifting from reliance on oil, gas, and other natural resources to an economy based heavily on information, services, and trade, and, WHEREAS, the current sales tax system relies too heavily on the old economy, leaving most of the new economy untaxed, NOW, THEREFORE, BE IT RESOLVED by the Fort Worth City Council that the City Council endorses and will actively support efforts to broaden the sales tax base to include taxation of services, but to retain exemptions for food, drugs, medicine, medical services, and medical supplies, and, BE IT FURTHER RESOLVED that the Fort Worth City Council urges the State Legislature to enact the legislation necessary to expand the sales tax base and to grant Texas cities the authority to impose a one-cent, optional city sales tax on the expanded base. APPROVED BY CITY COUNCIL. JUN Zvi 198? U ? ? City Secretary of the City of Port Worth, Texas CITY OF FORT WORTS