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IoW ~ o,~ _ MEETING DATE: 3-1-2010 <br />- - ITEM NO: <br />~,,,,, ~ <br />~~~ . <br />i `~~'"~° s COUNCIL AGENDA REPORT <br />~S GASH <br />DATE: FEBRUARY 25, 2010 <br />TO: MAYOR AND TOWN COUNCIL /~ <br />FROM: GREG CARSON, TOWN MANAGER ~ ~~~' <br />SUBJECT: ADOPT RESOLUTION 1N SUPPORT OF THE LOCAL TAXPAYER, PUBLIC <br />SAFETY AND TRANSPORTATION PROTECTION ACT OF 2010 <br />RECOMMENDATION: <br />Adopt resolution in support of The Local Taxpayer, Public Safety and Transportation Protection <br />Act of 2010. <br />BACKGROUND: <br />In 2004, California voters overwhelmingly passed Proposition lA which said local property and <br />sales tax revenue is to remain with local governments rather than going to the State's treasury. <br />However, there were loopholes that have allowed the State to continue its takeaways, "diverting" <br />or "borrowing" from local governments to balance the State's own budgetary problems. <br />More than 300 city officials and 200 county and school board- officials participated in a historic <br />summit last summer on the need for state governance and fiscal reform. Summit participants <br />selected "Local Revenue Protection" as the highest reform priority. <br />Many city officials attended the League's annual conference last September 2009 in San Jose <br />where voting delegates unanimously voted to support the League's co-sponsorship of a ballot <br />measure for November 2010 to tighten protections of city and transportation revenues. The <br />measure has been given a title and summary by the Attorney General and is currently in the <br />signature gathering phase. <br />This measure is needed given that the State came very close to taking $1 billion in local gas tax <br />revenues and then actually borrowed $2 billion in local property taxes, seized billions in <br />PREPARED BY: GREG CARSON <br />Town Manager <br />GL:pg <br />N:\MGR\AdminWorkFiles\2010 Council Reports\3-1-10 Local Taxpayer, Public Safety and Transportation Act of 2010 TC Report.doc <br />Reviewed by: Assistant Town Manager own Attorney <br />Clerk Administrator 3~'inance Community Development <br />