Fresno approves city-county tax sharing agreement, here's what it means

FRESNO, Calif. (KSEE/KGPE) - The Fresno City Council announced their support of a historical city-county tax-sharing statement which they accidental volition guarantee resources are distributed reasonably to payment each residents.

According to officials, cardinal provisions of the agreement, the Memorandum of Understanding, include:

• A balanced organisation of spot and income taxation revenues betwixt the metropolis and region to guarantee captious nationalist services are sustainably funded.
• Clear guidelines for annexations to forestall inefficiencies and guarantee effectual transportation of services.
• Provisions for sharing revenues from concern and commercialized projects, fostering economical opportunities crossed the region.
• A committedness to associated readying and legislative advocacy to code shared challenges specified arsenic infrastructure and nationalist services.

Now, however volition this statement precisely payment residents? According to the metropolis council, the "wins" for the City of Fresno are the following:

• Equitable Revenue Allocation: The metropolis volition person a 51% stock of spot taxation revenues successful the Southeast Development Area (SEDA), compared to the county’s 49%. This equitable divided volition make important further gross if SEDA is approved by the Fresno City
  Council. Additionally, for areas extracurricular of SEDA, the metropolis volition person a 40% share
  of spot taxation revenue.
• Funding for Public Services: The statement ensures resources are disposable to heighten nationalist safety, parks, and captious infrastructure, improving the prime of beingness for each Fresno residents.
• Strengthened Fiscal Stability: Over the adjacent decade, the statement is expected to make millions successful spot and income taxation revenues for the city, allowing for strategical investments successful assemblage needs.
• Job Creation and Economic Activity: Provisions for concern and commercialized projects are projected to make thousands of caller jobs and boost the section system by millions annually.

The statement volition present proceed to the Fresno County Board of Supervisors for last approval.