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0674RESOLUTION NO. 674 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, OPPOSING GOVERNOR WILSON'S PROPOSED TRANSFER OF PROPERTY TAX REVENUES FROM "ENTERPRISE" SPECIAL DISTRICTS TO SCHOOLS. WHEREAS, Governor Wilson's 1992-93 Fiscal Year Budget proposes to shift $347 million of annual local property tax revenue from enterprise special districts to school districts, to meet funding requirements prescribed by Proposition 98; and WHEREAS, the revenue transfer does not provide additional funding to the schools; but rather reduces the obligations of the state as required by Proposition 98; and WHEREAS, schools are entitled to a certain percentage of the state budget under state law and thus -are provided a : share of revenue even if the property tax shift is not enacted; and ° WHEREAS, the Governor's proposal would place an undue financial hardship on already stressed local economies; and ° WHEREAS, the proposed property tax revenue transfer would force the enterprise special districts to recover the revenues in the form of substantial rate hikes for sewer, water and other services; and WHEREAS, the citizens of Rolling Hills would be adversely affected by substantial increases in their special districts' bills; and WHEREAS, it is unfair to place the burden of balancing the state's budget on sewer and other utility users; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: that the City Council of the City of Rolling Hills opposes Governor Wilson's proposed transfer of property tax revenues from "enterprise" special districts to schools. BE IT FURTHER RESOLVED, that a copy of this resolution be forwarded to the Governor, members of the Los Angeles County Delegation to the California Legislature, Senator Robert Beverly, Assemblyman Gerald Felando, appropriate Committees of the California Legislature and others as deemed appropriate. PASSED, APPROVED AND ADOPTED ON APRIL �IAA Y OR ATTEST: e7 /.4 City C�'erk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss CITY OF ROLLING HILLS ) The foregoing Resolution No. 674 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS, CALIFORNIA, OPPOSING GOVERNOR WILSON'S PROPOSED TRANSFER OF PROPERTY TAX REVENUES FROM "ENTERPRISE" SPECIAL DISTRICTS TO SCHOOLS. was approved and adopted at a regular meeting of the City Council on April 13, 1992 by the following vote: AYES: Cou cilnembers Heinsheimer, Leeuwenburgh, Murdock; Mayor Pro Tem Swanson, Mayor Pernell. NOES: None. ABSENT: None. ABSTAIN: None. CRAIG . NEALIS, CITY CLERK 7 LJ