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CC - 1982-56 - Local Government Funding for State Purposes0 0 RESOLUTION NO. 82-56 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA URGING THE STATE LEGISLATURE TO ADOPT A POLICY DESIGNATING THAT ANY LOCAL GOVERNMENT FUNDING WHICH IS REALLOCATED FOR STATE PURPOSES SHOULD BE ALLOCATED FROP! LOCAL GOVERNMENT "BAIL-OUT" FUNDS. WHEREAS, voters of the State of California overwhelmingly passed Proposition 13 and thereby severely reduced oronerty tax revenues of many local governments throughout the State; and ;WHEREAS, the State's Treasury had a large surplus of unappro- priated funds on hand at the time Proposition 13 became effective; and WHEREAS, the State Legislature made a conscious decision to utilize the existing state surplus to "bail out" cities, redevelopment agencies, and other local entities who experienced large reductions in their property tax revenues; and WHEREAS, these bail-out funds were designed as a temporary stop-gap measure following passage of Proposition 13; and WHEREAS, subventions have been a long established and traditional source of funding for local governments; and .WHEREAS, the City of Rosemead has provided municipal services without utilizing a local property tax since its incorporation in 1959; and ?WHEREAS, the efficient use of State subvention monies has been an effective funding method to provide services to the citizens of Fosemead; and WHEREAS, as a "No ?property Tax City", Rosemead has never been eligible to receive any of the bail-out funds, NOW, THEREFORE, BE IT RESOLVED that urges the State Legislature to establish subventions intact and discontinue the p to bail out local agencies, and redirect reducing; the State deficit. the Rosemead City Council the policy of leaving the ractice of using state fund those "bail out" funds to PASSED, APPROVED AND ADOPTED this 28th day of Decenber , 1942. Mayor ATTEST: City lerk III-D