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HomeMy WebLinkAboutReso 18-2002RESOLUTION NO. 18-2002 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO DECLARING THE CITY COUNCIL'S OPPOSITION TO ASSEMBLY BILL 680 - REALLOCATING SALES TAX REVENUES WHEREAS, Assembly Bill 680 (AB 680), a bill intended to affect the allocation of sales tax and property tax revenue in the greater Sacramento region, is currently under consideration in the State Assembly; and WHEREAS, the 1% City share of Sales Tax revenues is the largest and most important source of General Fund revenues to the City of South San Francisco; and WHEREAS, AB 680 represents an unprecedented reallocation of the City share of Sales Tax funds by the State of California; and WHEREAS, we have often seen State laws such as AB 680 rapidly expanded to cover the cities in the balance of the State; and WHEREAS, we are troubled about the provisions of AB 680 that would grant "bonuses and priorities" for several State sources of transportation, infrastructure and library funding to cities and counties in the Sacramento Region at the expense of cities and counties in all other parts of the state - including the City of South San Francisco; and WHEREAS, the population portion of the formula in AB 680 punishes smaller communities that have a mixed land use of both business and housing by reducing their share of future growth in Sales Tax revenue of existing business development in their community; and WHEREAS, we feel that there are better approaches to achieve the stated goals of this legislation, such as the capping and return of the ERAF portion of City property tax revenues. NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of South San Francisco opposes AB 680 in its present form. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a regular meeting held on the 27th day of March 2002 by the following vote: AYES: Councilmembers Joseph A. Femekes, Raymond L. Green and Karyl Matsumoto, Mayor Pro Tern Pedro Gonzalez and Mayor Eugene R. Mullin NOES: None. ABSTAIN: None. ABSENT: None. ATTEST: (,/ City Clerk