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<br />6.38 <br />Page 3 <br /> <br />A RESOLUTION OPPOSING FISCALLY IRRESPONSIBLE STATE <br />BUDGET DECISIONS THAT WOULD "BORROW" LOCAL <br />GOVERNMENT, REDEVELOPMENT AND TRANSPORTATION FUNDS <br /> <br />WHEREAS, on July 1, 2008 the State Legislature missed its Constitutional <br /> <br />budget deadline; and <br /> <br />WHEREAS, both the Governor and the Legislative Budget Conference <br /> <br />Committee have recommended balanced budgets without resorting to "loans" or <br /> <br />seizures of local government property tax, redevelopment tax increment and <br /> <br />transportation sales tax funds; and <br /> <br />WHEREAS, in 1952 the voters of Califomia approved Article XVI, Section 16 of <br /> <br />the California Constitution, providing for tax increment financing for community <br /> <br />revitalization-not balancing the state budget, and the voters never authorized the <br /> <br />legislature to take or "borrow" community redevelopment funds for state programs; and <br /> <br />WHEREAS, in 2004 by an 84% margin of approval the voters of California <br /> <br />approved Proposition 1 A and sent a loud and unambiguous message to state leaders <br /> <br />that they should stop the destructive and irresponsible practice of taking local <br /> <br />government funds to finance the state budget and paper over the state deficit; and <br /> <br />WHEREAS, in 2006 by a 77% margin of approval the voters of California also <br /> <br />approved Proposition 1 A, providing similar protections to transportation funding for state <br /> <br />and local transportation projects, including important street maintenance and public <br /> <br />transit programs; and <br /> <br />WHEREAS, both ballot measures allow the Governor to declare a "severe state <br /> <br />of fiscal hardship" and "borrow" these funds if they .are repaid in three years with <br /> <br />ATTYIRESO/RESQ,1840 <br />072408 <br /> <br />1 <br />