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RES NO 10-05-2000 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 10 A RESOLUTION OPPOSING AMENDMENT 2 OF THE NOVEMBER 2000 BALLOT WHEREAS, in 1999, the Arkansas General Assembly referred a Constitutional Amendment to the voters of Arkansas for the November 6, 2000 General Election, known as House Joint Rule 1015 and titled Amendment 2 for that ballot, and; WHEREAS, Arkansas' property taxes are amongst the lowest in the nation, but its sales tax rate is amongst the highest, and; WHEREAS, Amendment 2 will raise the state sales tax rate higher and lower local property taxes, and; WHEREAS, such tax reapportionment is unnecessary and without merit, and; WHEREAS, a raise in the state sales tax rate will stifle the ability of citizens and local government to address specific local needs and fimd those needs with local sales tax revenue, and; WREAS, current methodology of taxation in the State of Arkansas is fair and equitable. NOW, THEREFORE, BE IT RESOLVED BY THE CITYROMPICOUNCIL OF THE CITY";I'dt*OF Van Buren, Arkansas: That it opposes Amendment 2 of the 2000 ballot, as it is unnecessary, and will stifle the ability of local government to address specific local needs. PASSED THIS 16TH DAY OF OCTOBER 2000. -0 CAL City Clerk/Recorder Mayor