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Legislators SF 31 & HF 4 tax auCity Manager's Office 50 West 13ffi Stxeet Dubuque, Iowa 520ffi~64 (319) 589-4110 (319) 589-4149 FAX THE CTfY OF February 27, 2001 VIA E-Mail & 1sT CLASS MAIL tom_flynn~legis.state.ia.us The Honorable Thomas Flyun Senate Chamber State Capitol Building Des Moines, IA 50319 Dear Senator Flynn: The City of Dubuque does not support new mandates regarding cities taxing authority as proposed in Senate File 31 and House File 4. This legislation is similar to prior year tax limitation proposals in that it again makes a negative adjustment to cities taxing authority based on the differential or growth in General city balances between a three year period (initially FY 1997 and FY 2000). The problem this presents the City of Dubuque is that we receive 50% of the annual profits f~om the Dubuque Racing Association gaming operations in January of each year. The City Council, through their budget deliberations in February and early March, determine how these funds will be used in the capital improvement budget for the coming July 1. In other words, the funds are in our fand balance at fiscal year end but are committed to projects in the next fiscal year or the upcoming construction season. This is consistent with the fiscal guidelines adopted by City Council each year which requires programming these funds through the annual capital improvement budgeting process after the actual amounts are received. The City o£Dubuque has had this fiscal policy since gaming began. When Moody's bond rating agency reviewed our financial condition for our bond rating, they wanted to make sure that uncerta'm revenue streams were not being used in the operating budget. Our fiscal policy regarding gaming revenues was considered a sound approach since the City and definitely Moody's considered this funding source as uncertain and subject to considerable fluctuation due to economic times and the competitive environment of the gaming industry. Because this is our fiscal policy, the balance on June 30, 1997 for the General Fund contained Service People Integrity Responsibility Tmnovation Teamwork The Honorable Thomas Flyrm February 27, 2001 Page 2 $2,430,000 of Dubuque Racing Association (DRA) distribution programmed for FY 1999 capital projects. The fund balance for June 30, 2000 will contain $4,396,000 of D.R.A. distribution programmed for FY 2001 capital improvements. The calculation proposed in the tax limitation legislation would deduct the difference between these divided by 3, which results in a reduction of our taxing authority by $655,333 for FY 2002. Even though these funds are committed to support the capital budget and not the operating budget, the City's operating budget resources or taxing authority would be reduced $655,333 per the proposed legislation. Many cities may accumulate land sales revenue or other uncertain or non-recmring revenues in their General Fund for support of upcoming capital improvements. To deny them this ability or penalize them by reducing their tax'mg authority will have a significant impact on future capital improvements. It will discourage and may even prevent some cities from doing pay-as-you-go financing of capital improvements through non-recurring revenue sources. The final point I would like to make is that the City of Dubuque has decreased tax askings for the average property tax payer four of the last six years, and in the other two years we were at no increase for the average homeowner. The Dubuque City Council lms been and will cont'mue to be responsive to the citizens of this community in terms of holding down the cost of city services. We see no need for State controls and regulations to make sure we are doing our jobs. In most instances when controls are placed on local governments, the tax payers who can least afford it are the ones who are hurt as cities are forced to make service cut backs and/or increase user fees. I strongly recommend against the proposed tax limitation legislation and that if you feel it is going to pass, that the section of the bill referring to year-end fund balances be eliminated from the tax limitation calculation. Sincerely, Michael C. Van Milligen City Manager CC Mayor Terry Duggan Dubuque City Council Members Barry Lindahl, Corporation Counsel Pauline Joyce, Administrative Services Manager Dan Walsh, Dubuque Area Chamber of Commerce Dubuque Legislative Delegation The Honorable Tom Flynn Senate Chamber Iowa Capitol Building Des Moines, IA 50319 email: tom_flyrm~legis.state.ia.us The Honorable Mike Connolly Senate Chamber Iowa Capitol Building Des Moines, IA 50319 email: mike_cormolly~.legis.state.ia, us The Honorable Paul Scherrman House Chamber Iowa Capitol Building Des Moines, IA 50319 email: paul scherrman~legis.state.ia.us The Honorable Robert Osterhaus House Chamber Iowa Capitol Building Des Moines, IA 50319 email: robert_osterhause~legis.state.ia.us The Honorable Para Jochum House Chamber Iowa Capitol Building Des Moines, IA 50319 email: para jochum~legis.state.ia.us The Honorable Pat Murphy House Chamber Iowa Capitol Building Des Moines, IA 50319 email: pat_murphy~legis.state.ia.us