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1998-084-Opposing AB 1776 ( McClintock- Elimination Of Vehicle Licence Fee)RESOLUTION 1998 - 84 RESOLUTION OF THE TOWN OF LOS GATOS OPPOSING AB 1776 (McCLINTOCK - ELIMINATION OF VEHICLE LICENSE FEE) WHEREAS, municipalities have traditionally relied upon the property tax and the vehicle license fee which is an in -lieu property tax on vehicles; and tax; and WHEREAS, property taxes are progressive in that people of lesser means pay a lower WHEREAS, the State of California has historically taken traditionally local revenues for its own purposes for example the liquor license fee, highway carriers' business tax, financial aid to local agencies, business inventory tax, and cigarette tax; and WHEREAS, the vehicle license fee represents approximately $1 billion yearly in local revenues for local services and more than $1 million yearly to Los Gatos; and WHEREAS, vehicles require expensive government services to support their uses (namely streets, parking, traffic enforcement, and traffic signals); and WHEREAS, the loss of vehicle license fees will dramatically impact local services, especially public safety services. NOW, THEREFORE, BE IT RESOLVED, that unless an equally progressive and certain revenue source with comparable growth potential can be absolutely guaranteed to backfill the loss of vehicle license fee revenues, that the Town of Los Gatos vigorously opposes any reduction or elimination of vehicle license fee revenues. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 1st day of June, 1998 by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Joanne Benjamin, Steven Blanton, Jan Hutchins Mayor Linda Lubeck. NAYES: None ABSENT: None ABSTAIN: None SIGNED: <r.( MAYOR OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK OF THE TOWN OF L S-J�GATOS LOS GATOS, CALIFORNIA