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08/15/2017 Resolutions 2017-221RESOLUTION 2017-221 WHEREAS, the 2017-2018 budget process requires additional revenue to ensure a balanced budget; and WHEREAS, the City Council has discussed several possible options for revenue increases; and WHEREAS, the City Council will adopt the 2017-2018 Budget at the September 12, 2017 meeting; and WHEREAS, these additional revenues will be incorporated into the Fiscal Year 2017- 2018 Budget revenue numbers; and WHEREAS, one additional revenue that has been discussed is the addition of a Motor Vehicle Fee or "Wheel T�"; and WHEREAS, the estimated additional revenue from this "Wheel Tax" is between $1,000,000 and $1,500,000. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that it is our intent that a"Wheel Tax" will be incorporated in the 2017-2018 budget, with an ordinance to be passed at a later date detailing the rates to be charged. Adopted by the City Council of the City of Grand Island, Nebraska, August 15, 2017 Attest: ��� RaNae Edwards, City Clerk Jere y. Je en, yor Approved as to Form tt August 14, 2017 tt ty A rney