County Commission | The Magazine February 2017 | Page 38

Economic
Development &
the Alabama Trust
Fund
carry out this function and must
be included in any reforms and
initiatives that alter Alabama’s law
regarding economic incentives and
requirements. Revenue from the
Alabama Trust Fund is essential to
meeting these goals and must be
protected from unnecessary raids
Foundation Principle
Alabama counties play an ever-
growing and vital role in the state’s
economic development efforts,
providing services, financial support
and community leadership necessary
to attract and retain important
employers. Counties must be able
to access the revenue necessary to
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38 | COUNTY COMMISSION
and expenditures. The Association
will actively oppose any removal of
revenue from the Alabama Trust Fund
and seeks to be a partner in those
economic development efforts that
emphasize a partnership between the
state and its counties.
Strategic Goals
In furtherance of this
Foundation Principle, the
Association will actively
pursue the passage of leg-
islation to accomplish the
following strategic goals:
To shift 20 percent of
the corpus and future oil
lease and royalty payments
n
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be treated as residential housing for
the purpose of ad valorem taxation.