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<br />07/28/2008 <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br />REDWOOD CITY AS FOLLOWS: <br /> <br />That the City of Redwood City hereby opposes any and all efforts by state <br />government to "borrow" or seize local tax funds, redevelopment tax increment and <br />transportation sales tax funds by the state government to finance state operations. Such <br />a move would be fiscally irresponsible for the state and hamper effective local services <br />and infrastructure investments. <br /> <br />That the Mayor is hereby directed to send this resolution and communicate this <br />Council's strong and unswerving opposition on this matter to our Legislators and the <br />Governor along with an expression of our continued appreciation for the Governor's and <br />any supportive legislators' steadfast opposition to further borrowing or seizure of these <br />funds. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />14880 <br />MUFF # 501 <br />