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WHEREAS, the Virginia General Assembly has imposed <br />a requirement on persons or entities who want property <br />tax exemptions under state law that they first seek a <br />resolution of support from the local governing body, and <br />WHEREAS, the number of requests to City Council for <br />such resolutions supporting tax exemptions has increased, <br />partly as a result of this requirement, and <br />WHEREAS, the grant of a property tax exemption is <br />a form of local subsidy to the applicant, and <br />WHEREAS, many of the applicants seeking such tax <br />relief already are subsidized by the City through its <br />regular budget funding, and <br />WHEREAS, this Council, to be fair and orderly in <br />its treatment of all organizations, both those that have <br />been granted property tax exemptions under Virginia law, <br />and those which do not have property tax exemptions, would <br />prefer that most or all of its subsidies be analyzed as <br />part of the budget process rather than piecemeal during <br />the entire fiscal year through the tax exempt process, <br />Is <br />NOW THEREFORE BE IT RESOLVED, that this Council has decided <br />that it will not support property tax exemptions in the <br />future. <br />BE IT FURTHER RESOLVED, that during its annual budget <br />process this Council will take into account whether a <br />funding applicant has a property tax exemption, and if <br />so, its nature and extent, and then shape the aggregate <br />City funding amount accordingly, all with the goal of <br />treating every applicant fairly. <br />Approved by Council <br />December 19, 1988 <br />4eAti12r <br />Jerk of Council <br />0 88-6-67 <br />