FRESNO, Calif. (KSEE/KGPE) - The Fresno City Council announced their approval of a historic city-county tax-sharing agreement which they say will ensure resources are distributed fairly to benefit all residents.

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

Now, how will this agreement exactly benefit residents? According to the city council, the "wins" for the City of Fresno are the following:

The agreement will now proceed to the Fresno County Board of Supervisors for final approval.