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Legislative Ltrs tax Credit TIFCity Manager's Office C~ty Hall (563) 589-4110 c,ffice (563) 389-4149 fax ctymgr ~:cityofdt~buqrte.org February 11,2004 VIA Email and 1st Class Mail Re: Property Tax Credits Dear I am writing to request your efforts to support funding the property tax credits to cities. As you know, the impact of last year's cut in funding to local governments was devastating to the City of Dubuque as it resulted in a reduction of $1,195,425 in revenue or 3.54 percent of the general fund operating expense. Should the legislature choose to reduce our state funding in FY '05, the impact would be significant. The loss of property tax credits would represent an additional loss of revenue in the amount of $664,673.14. The result would likely mean increased fees for existing services, reduction of services and expenses through the elimination of city staff. I urge you to support funding the property tax credits. Please also oppose any efforts to modify Iowa Code Section 25B.7 as proposed in HSB617 which would force local governments to absorb any shortfalls in funding these credits. I would further request that you support SF 2008 that restores the bank franchise fee to cities and counties. This would restore $137,188 of needed funding to the City of Dubuque. I encourage you to consider the effects of last year's cuts on Iowa communities and not take similar action in this year's state budget. Sincerely, Michael C. Van Milligen City Manager MCVM:cs cc: Mayor Terry Duggan Dubuque City Council Susan Judkins, Director of Governmental Affairs, Iowa League of Cities Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager Dawn Lang, Budget Director The Honorable Mike Connolly Iowa State Senator 3458 Daniels Dubuque, IA 52001 The Honorable Roger Stewart Iowa State Senator 3936 317 Avenue Preston, IA 52069 The Honorable Julie Hosch Iowa State Senator 22852 Butterfield Road Cascade, IA 52033 City Manager's Office City Hall 50 West 13th Street Dubuque, Iowa 520014864 (563) 589-4110 office (563) 589-4149 fax ctymgr~cityofdubuque.org February 11, 2004 VIA Email and Ist Class Mail Re: Property Tax Credits Dear I am writing to request your efforts to support funding the property tax credits to cities. As you know, the impact of last year's cut in funding to local governments was devastating to the City of Dubuque as it resulted in a reduction of $1,195,425 in revenue or 3.54 percent of the general fund operating expense. Should the legislature choose to reduce our state funding in FY '05, the impact would be significant. The loss of property tax credits would represent an additional loss of revenue in the amount of $664,673.14. The result would likely mean increased fees for existing services, reduction of services and expenses through the elimination of city staff. I urge you to support funding the property tax credits. Please also oppose any efforts to modify Iowa Code Section 25B.7 as proposed in HSB617 which would force local governments to absorb any shortfalls in funding these credits. I would further request that you support HF2029 that restores the bank franchise fee to cities and counties. This would restore $137,188 of needed funding to the City of Dubuque. Service People Inte~i~¢ Responsibility Iv. novation Teamwork I encourage you to consider the effects of last year's cuts on Iowa communities and not take similar action in this year's state budget. Sincerely, Michael C. Van Milligen City Manager MCVM:cs cc: Mayor Terry Duggan Dubuque City Council Susan Judkins, Director of Governmental Affairs, Iowa League of Cities Barry Lindahl, Corporation Counsel Cindy Steinhauser, Assistant City Manager Dawn Lang, Budget Director The Honorable Pam Jochum Iowa State Representative 2368 Jackson Dubuque, lA 52001 The Hono~ble Robe~ Osterhaus Iowa State Representative 216 AuXin Maquoketa, lA 52060 The Honorable Gene Mantemach Iowa State Representative 9608 Maple Road Cascade, lA 52033 The Hono~ble Pat Mushy Iowa State Rep~sentative 155 N. G~ndviewAvenue Dubuque, lA 52001 The Honorable Steven Lukan Iowa State Representative 7365 Columbus Street New Vienna IA 52065