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TOWN OF TRUCKEE <br /> California <br /> <br /> RESOLUTION NO. 2003-43 <br /> <br /> A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE <br /> SUPPORTING A STATEWIDE BALLOT INITIATIVE TO REQUIRE VOTER <br /> APPROVAL BEFORE STATE GOVERNMENT MAY TAKE LOCAL TAX FUNDS <br /> <br /> WHEREAS, state government annually seizes over $800 million in town property <br />tax funds (ERAF) statewide, costing cities over $6.9 billion in lost revenues over the <br />past 12 years and seriously reducing resources available for local public safety and <br />other services; and <br /> <br /> WHEREAS, in adopting the state budget this year the Legislature and Governor <br />appropriated local vehicle license fee backfill and redevelopment property tax funds that <br />are needed to finance critical Town services such as public safety, parks, street <br />maintenance, housing and economic development; and <br /> <br /> WHEREAS, the deficit financing plan in the state budget depends on a local <br />property and sales tax swap that leaves town services vulnerable if the state's economic <br />condition fails to improve; and <br /> <br /> WHEREAS, the adopted state budget assumes an ongoing structural budget <br />deficit of at least $8 billion, putting town resources and services at risk in future years to <br />additional state revenue raids; and <br /> <br /> WHEREAS, it is abundantly clear that state leaders will continue to use local tax <br />funds to balance the state budget unless the voters limit the power of the Legislature <br />and Governor to do so; and <br /> <br /> WHEREAS, the voters of California are the best judges of whether local tax <br />funds should be diverted, confiscated, shifted or otherwise taken to finance an ever- <br />expanding state government; and <br /> <br /> WHEREAS, the General Assembly of Voting Delegates of the League of <br />California Cities at its September 10 2003 meeting voted to sponsor a statewide ballot <br />initiative to empower the voters to limit the ability of state government to confiscate local <br />tax funds to fund state government; and <br /> <br /> WHEREAS, the League has requested that cities offer support for a November <br />2004 ballot initiative that will allow voters to decide whether state government may <br />appropriate local tax funds to fund state government operations and responsibilities. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE <br />TOWN OF TRUCKEE that the Town hereby expresses its strong support for a <br /> <br /> <br />