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HomeMy WebLinkAboutReso 134-98 Oppose Prop 9RESOLUTION NO. 134 - 98 A RESOLUTION OF TIlE CITY COUNCIL OF THE CITY OF DUBLIN OPPOSING PROPOSITION 9 DUE TO POTENTIAL NEGATIVE IMPACTS ON LOCAL GOVERNMENT WHEREAS, the State Legislative Analyst and Department of Finance have determined that the net impact of this proposition on local governments would be revenue reductions potentially in the tens of millions of dollars annually through 2001-02; and WHEREAS, the proposition could create a $6 billion hole in the state budget, resulting in significant reductions in funding to local government and critical services such as police and fire, impairing community health and welfare, public safety and community quality of' life; and WHEREAS, the precedence set by disallowing payment on rate reduction bonds could impair the ability of state and local govermnents to secure low-cost financing for local infrastructure bonds and other types of bonds; and WHEREAS, the proposition could create more bureaucracy and red tape and cost California taxpayers billions of dollars in lawsuits; and WHEREAS, passage of this measure could exacerbate the financial problems experienced through unfunded state mandates; and WHEREAS, this proposition jeopardizes the state's economic recovery by creating uncertainty for California-based companies, as well as those considering relocating to our state; and WHEREAS, the League of California Cities voted to oppose the initiative. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin opposes Proposition 9, based upon significant potential negative impacts on local government. PASSED, APPROVED AND ADOPTED this 1st day of September, 1998. AYES: NOES: None ABSENT: None ABSTAIN: None Councilmembers Barnes, Burton, Howard, Lockhart and Mayor Houston F:as\barnes\propgres. doc v K2 /G/9-1-98/respropg. doc Mayor