Resolution 2017-196 RESOLUTION NO. 2017- 1 9 6
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, OPPOSING ANY CONGRESSIONAL
EFFORTS THAT ELIMINATE OR LIMIT THE TAX-EXEMPT STATUS
OF MUNICIPAL BONDS.
WHEREAS, counties own and operate 45 percent of public roads and highways, own
almost a third of the nation's transit systems and airports, own 961 hospitals, manage 1,943
health departments, and own many of the nation's jails; and
WHEREAS, Congress is expected to address comprehensive tax reform before the end
of 2017; and
WHEREAS, the potential elimination or limitation of the tax-exempt status of municipal
bonds has been acknowledged by the President and congressional leaders as a potential partial
revenue stream for reducing overall tax rates; and
WHEREAS, tax-exempt bonds are a well-established state and local government
financing tool for infrastructure and capital needs including schools, streets, highways, hospitals,
bridges,water and sewer systems,ports, airports and other public works; and
WHEREAS, between 2003 and 2012, counties, localities, and states financed $3.2
trillion in infrastructure investment through tax-exempt municipal bonds; and
WHEREAS, without the tax-exemption on municipal bonds, counties would pay more to
raise capital,those costs ultimately borne by taxpayers.
NOW, THEREFORE,BE IT RESOLVED BY BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA, to oppose any congressional effort to eliminate or limit
the tax-exempt status of municipal bonds.
THIS RESOLUTION ADOPTED after motion, second and majority vote on this the
10th day of October, 2017.
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT•E:BROCK, Clerk COLLIE'40 TY, FLORIDA
.: 306A By:
• •S to Ch11rmatI ,EPUTY CLERK PENNY T• /OR, CHA SAN
Appr ,'e y oform an. -gality:
A �
Jeffrey • 1.4cow
County A �.rn
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