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A RESOLUTION REQUESTING THE PORTSMOUTH REPRESENTATIVES TO THE <br />GENERAL ASSEMBLY TO SUPPORT A ONE PERCENT (1%) INCREASE IN <br />THE SALES TAX, SUCH FUNDS TO BE DISTRIBUTED TO LOCAL GOVERN- <br />MENTS. <br /> <br /> WHEREAS, several bills have been introduced into the <br />1977 General Assembly of Virginia which would add One Percent <br />(1%) to the sales tax, such increase to be designated for lo- <br />cal governments; and <br /> <br /> WHEREAS, the Governor has proposed a reduction in <br /> expenditures of State funding to local governments~ and <br /> <br /> WHEREAS, it is imperative that local governments re- <br /> ceive additional revenue to offset such losses. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the Council of the <br /> City of Portsmouth, Virginia, that the Portsmouth representa- <br /> tives to the General Assembly support proposed legislation which <br /> increases the sales tax One Percent (1%) and such increase to <br /> be designated for local governments based upon point of col- <br /> lection or population. This Council opposes incorporated dis- <br /> tribution of such funds under the basic school formula. <br /> <br /> BE IT FURTHER RESOLVED as an alter · <br />governments recelv~ ...... ~ -. - native to local <br />~1~- = ..... ~**~ ouun enulre One Percen* ~1~% =- <br />.... ~ u=~, lc ls reauested ~= ~- - _ ~ ~o~ zncrease of <br /> ~ ~**~u rur~s~out~ representatives sup- <br />port legislation which would give local governments a substan- <br />tial portion of the increased revenue therefrom. <br /> <br /> Adopted by the Council of the City of Portsmouth, Vir- <br />ginia, at a meeting held January 25, 1977. <br /> <br />Teste: <br /> <br />City Clerk <br /> <br /> <br />