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HomeMy WebLinkAbout12 PROPOSITION 1-A 09-07-04 A G END A REPORT Agenda Item 12 Reviewed: £ City Manager Finance Director ~ MEETING DATE: SEPTEMBER 7, 2004 FROM: HONORABLE MAYOR AND MEMBERS OF CITY COUNCil WilLIAM A. HUSTON, CITY MANAGER ~ PROPOSITION I-A TO: SUBJECT: RECOMMENDATION That the City Council adopt Resolution No. 04-80 supporting Proposition I-A. BACKGROUND Proposition I-A is on the November 2, 2004 statewide ballot. It reflects the result of negotiations involving the Governor, State legislature and local government regarding constitutional protection of local government revenue. FISCAL IMPACT If Proposition I-A is passed, the City of Tustin will have approximately $2.0 million of General Fund revenue and $1.2 million of Redevelopment Agency funds shifted to the State over two fiscal years. Proposition I-A provides that the State cannot divert additional funds from local government unless it repays to cities and counties Vehicle License Fee (VLF) revenue diverted to the State in fiscal year 2003-04. For Tustin this amounts to approximately $1.3 million. If the VLF revenue is repaid, Proposition I-A would allow the State to "borrow" funds from local government twice within a ten-year period. The funds must be repaid with interest within three years. A borrowing cannot occur unless any prior amounts have been repaid with interest. The borrowing would occur by diversion of local property tax revenue. The amount that could be borrowed is capped at 8% of total property tax allocated to cities, counties and special districts. The formulas for distribution of sales tax and property tax would not change. DISCUSSION Proposition I-A affords local government the strongest constitutional revenue protections possible given the circumstances. From a business standpoint, losing $3.2 million in City funds over two years to the State in exchange for constitutional protection of future revenue makes sense. If Proposition I-A does pass, there will be a degree of certainly about local government revenue that has been missing for many years. There is the risk the State could borrow City funds in the future; but with careful financial planning, that risk can be taken into account as the City prepares its annual budget and sets its reserve requirements. RESOLUTION NO. 04-80 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, SUPPORTING PROPOSITION 1A WHEREAS, state government currently seizes more than $5.2 billion annually in local property tax funds statewide from cities, counties and special districts, costing local governments more than $40 billion in lost revenues over the past 12 years; and WHEREAS, these ongoing shifts and raids by the state of local property tax funds and other funding dedicated to local governments have seriously reduced resources available for local fire and paramedic response, law enforcement, public health and emergency medical care, roads, parks, libraries, transportation and other essential local services; and WHEREAS, these funding raids also add pressure for local governments to increase fees and taxes to maintain basic local service levels; and WHEREAS, this drain of local resources has continued even during periods when the state's budget has been overflowing with surpluses; and WHEREAS, Proposition 1A is a historic measure that will appear on the November 2004 statewide ballot that would limit the State's ability to take and use local government funding; and WHEREAS, by protecting local government funding, Prop 1A would protect local public safety, healthcare and other essential local services; and WHEREAS, Prop 1A will not raise taxes and, in fact, will help reduce pressure for local fee and tax increases by limiting state raids of local government funding; and WHEREAS, Prop 1A does not reduce funding for schools or any other state program or service, and Prop 1A was carefully written to allow flexibility in the event of a state budget emergency; and WHEREAS, Prop 1A is supported by a bipartisan, diverse coalition including Governor Schwarzenegger, Democrat and Republican legislative leaders, local government officials, public safety representatives, health care, business, labor and community leaders; NOW, THEREFORE, BE IT RESOLVED BY THE Members of the City Council of the City of Tustin that we hereby express strong support for Proposition 1A, the statewide ballot initiative that will prevent the state from further taking local government revenues; and Resolution No. 04-80 Page 1 of2 RESOLVED FURTHER, that we will send a copy of this resolution to Yes on 1A - Californians to Protect Local Taxpayers and Public Safety, Fax: 916-442-3510 or 1121 L Street, #803, Sacramento, CA 95814 PASSED and ADOPTED at a regular meeting of the City Council of the City of Tustin held on September 7,2004. TONY KAWASHIMA, Mayor ATTEST: PAMELA STOKER, City Clerk STATE OF CALIFORNIA) COUNTY OF ORANGE) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 04-80 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 7th day of September, 2004 by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER, City Clerk Resolution No. 04-80 Page 2 of 2