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CC Resolution No. 04-293 RESOLUTION NO. 04-293 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO SUPPORTING A STATEWIDE BALLOT INITIATIVE TO REQUIRE VOTER APPROVAL BEFORE STATE GOVERNMENT MAY TAKE LOCAL TAX FUNDS WHEREAS, state government annually seizes more than $5.2 billion local property tax funds (ERAF) statewide, costing local governments more than $40 billion in lost revenues over the past 12 years, including more than $800 million annually for cities, or $6.9 billion over the past 12 years, thereby seriously reducing resources available for local public safety and other services; and WHEREAS, this drain of local resources has continued even during periods when the state's budget has been overflowing with surpluses as well as during difficult economic times; and WHEREAS, the Governor's budget proposal for FY 2004-05 would increase the amount of the ERAF property tax shift by $1.3 billion on a permanent basis, an increase of approximately 25 percent over the current ERAF shift; and WHEREAS, the current state budget appropriates local vehicle license fee backfill and redevelopment property tax funds that are needed to finance critical city services such as public safety, parks, street maintenance, housing and economic development; and WHEREAS, the adopted FY 2003-04 state budget assumes an ongoing structural budget deficit of at least $8 billion, and the Legislative Analyst estimates that full implementation of the Governor's proposed budget for FY 2004-05, including passage by the voters of his $15 billion deficit financing bond, would result in an ongoing structural deficit of $7 billion, continuing to put city resources and services at risk in future years to additional state revenue raids; and WHEREAS, the General Assembly of Voting Delegates of the League of California Cities at its September 10, 2003, meeting voted to sponsor a statewide ballot initiative to empower the voters to limit the ability of state government to confiscate local tax funds to fund state government; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CUPERTINO that the City Council hereby expresses its strong support for the Local Taxpayers and Public Safety Protection Act, also known as the LOCAL Initiative, a statewide ballot initiative to allow voters to decide whether local tax funds may be taken, confiscated, shifted, diverted or otherwise used to fund state government operations and responsibilities; and RESOLVED FURTHER, that the residents of the City are encouraged to become well informed on the initiative and its possible impacts on the critical local services on which they rely; and Resolution No. 04-29~ 2 RESOLVED FURTHER, that the City Manager is hereby directed to send a copy to the Executive Director of the League of California Cities. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 5th day of April 2004, by the following vote: Vote Members Qfthe Çi!y Council AYES: NOES: ABSENT: ABSTAIN: James, Kwok, Lowenthal, Sandoval, Wang None None None ATTEST: ~r~t ~7Á APPROVED: a44-~47~ ----Mayor, City ofC rtino