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CC - 1968 - 067 - Exercise Fiscal Responsibility• C RESOLUTION NO. 68-67 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD URGING BOARD OF SUPER- VISORS TO EXERCISE FISCAL RESPONSIBILITY. WHEREAS, the proposed budget of Los Angeles County for 1968-69 provides for an increased General Fund appropriation of $58.9 million to be financed by an estimated tax hike of 24.9 cents; and WHEREAS, $17.9 million of the County General Fund budget is proposed for Capital Projects to be financed by the property tax; and WHEREAS, the proposed budget will require the largest tax levy in County history, justified on the basis of increased population and required services, and such justification is used as a basis for an increased budget and tax levy for nearly all areas of County expenditures; and WHEREAS, the aforementioned justification cannot explain expenditures for capital projects that would be deemed nice to have but not essential, the reduction in required services caused by incorporations, and increased financing from general funds for internal operations;.and WHEREAS, the policy o.f Los Angeles County provides for lease-purchase financing of major capital projects without sanc- tion of the electorate, which results in fixed future expenditures to be financed by the property tax at an ever increasing rate and such policy bears validity to the budget statement that: "the future holds no hope for either reduced programs or reduced expenditures in the metropolitan areas"; and WHEREAS, there are many desired and even necessary capital improvements projects within the City of Rosemead that have been deferred by the City Council in recognition of the fact that there is a limit of ability and desire to finance government operations by the property tax; NOW, THEREFORE, the City Council of Rosemead implores the Board of Supervisors of Los Angeles County to hold the line on budget appropriations and property tax rates, to relate the costs of-government services to a more equitable "user-benefit-cost" basis, to desist from expanding any services and costs under the cloak of mandatory programs, to desist from commitments of future tax resources for capital improvements without an expres- sion of the will of the property owners, and to exercise the fiscal responsibility that has been entrusted to them by the electorate. PASSED, APPROVED and ADOPTED this 11th day of June, 1968. ATTEST: MAYOR OF THE CITY OF ROSEMEAD CITY CLERK