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19980908 r-98-54 RESOLUTION NO. R-98-54 ESTABLISHMENT OF A TAXATION TASK FORCE WHEREAS, rapidly changing technology has resulted in the increased mobility of capital and labor, thus making tax competition between local governments ever greater; WHEREAS, the General Assembly has established the Commission on the Condition and the future of Virginia's Cities and local tax structure is of key importance to the condition and future of Virginia's cities; WHEREAS, the number of unfunded mandates on local governments is ever increasing, yet the revenue-raising options of local governments in Virginia is simultaneously decreasing; and WHEREAS, Federal and State revenue sources are tied to income, resulting in rising income with growth, while Virginia's local jurisdictions are tied largely to real and personal property rates that do not necessarily expand with economic growth; and WHEREAS, the City Council wishes the City of Fairfax to be a model jurisdiction of fair and efficient local tax policy for the Commonwealth of Virginia, NOW, THEREFORE, BE IT RESOLVED that the City Council establishes a Taxation Task Force to make recommendations to the City Council regarding the City's tax structure, and to make recommendations to the City Council on tax policy issues to include in the City's legislative packages; and BE IT FURTHER RESOLVED, that the Taxation Task Force shall be composed of two members of the City Council (one of whom shall be appointed as chair by the Mayor), two members from the Council of Civic Associations, the Commissioner of the Revenue, the Treasurer, one member each from the School Board, the Planning Commission, the Economic Development Authority, the Board of Equalization of Real Estate Assessments, the Central Fairfax Chamber of Commerce, and the Fairfax City Auto Dealers Association. In addition, there shall be two residents at large appointed by the chair and a representative of the city staff appointed by the City Manager, and BE IT FURTHER RESOLVED, that the Taxation Task Force shall submit its final report to the City Council before April 1, 1999. Interim reports or recommendations may be submitted to City Council prior to submittal of the final report. Adopted this 8m day of September, 1998. Mayor ATTEST: --~ty~(~rk -