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ALBERT H. QUIE <br /> GOV£RNOR <br /> <br />STATI~ OF ]N~]INNESOTA <br /> OI"I"ICE Ol~ 'l'lll,~ (.g¢)N.'I~ItNOI{ . <br /> <br />S~I'. PAUL 5,5155 <br /> <br />July 15, 1980 <br /> <br />The Honorable Thomas G. Gamec <br />Mayor of Ramsey <br />15153 Nowthen Boulevard Northwest <br />Ramsey, Minnesota 55303 <br /> <br />Dear Mayor Gamec: <br /> <br />Your letter regarding the equalization between various classes of <br />property has been reviewed by the.Commissioner of Revenue and his <br />staff. They inform me that you have received a reply to the letter <br />directed there. <br /> <br />You are correct in stating that the tax burden can be shifted during <br />periods of inflation or recession because all types of property are <br />not affected uniformly. <br /> <br />Property taxes are considered to be the most stable source of revenue <br />and are not expected to have sharp '!peaks" and deep "valleys" that can <br />be experienced in sales or income taxes. They should be realistic <br />however and reflect any trends as soon as possible. <br /> <br />Your suggestion to explore the possibilities of modernizing the current <br />system is a valid request and will be considered. Committees have been <br />working on the problem and will hopefully develop a solution that will <br />improve the tax structure for the business community without creating <br />serious problems in the residential areas. <br /> <br />-You will .be able to exchange your ideas with t.he Commissioner of Revenue <br />and his staff during the meeting you are planning. Your ideas will be <br />both helpful and welcome. <br /> <br />ALBERT H. QUIE <br />GOVERNOR <br /> <br />AN EQUAL OPPORTUNITY EMPLOYER <br /> <br /> ~'.3 <br /> <br /> <br />