Res32 unnumbered 03 - Laserfiche WebLink

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WHEREAS, the State Department of Finance has proposed the diversion of motor vehicle revenues, now used exclusive~ for the maintenance, recon- struction and construction of highways, to the p~ent of interest and redemption on outstanding highw~ bonds; and WHEREAS, it is estimated that such diversion would deplete state highway revenues in the sum of $8,800,000.00 for the next biennium and the aggregate sum of $92,000,000.00 during the life of said highw~ bonds; and WHEREAS, Senate Constitutional Amendment No. 22, which will appear on the November ballot, seeks to divert the State's share of the franchise taxes collected from busses and trucks to the general fund, which would deplete the highway fund in the amount of approximately $960,000.00 during the next biennium; and WHEREAS, a law was enacted at the last Legislature authorizing the state Highway Commdssion to expend state highwav funds within the corporate limits of the cities of the state; and WHEREAS, reductions in state highw~ moneys through diversion to the general fund would grea.tly curtail or possibly eliminate this state aid WHEREAS, the cities of the State of California as a whole have not received proper benefits from the highway funds of the state; now, therefore, be it RESOLVED: That the City of Redwood City, through its City Council, hereby expresses itself as opposed to the expenditure of highway funds for any purpose other than the acquisition, construction and maintenance of roads, streets and highw~s. I hereby certify that the foregoing resolution was duly and regularly passed and adopted by the Council of the City of Redwood City at a regular meeting thereof held on the 5th ~ of July, 1932, by the following vote: Ayes and in favor of the passage of the foregoing resolution, Councilmen: H. A. Beeger, W. J. Dusel, C. J. Hildebrant, C. G. Lambert, P. A. McCart~, G. W. McNulty, Robert N. Jones. Noes and against the passage of the foregoing resolution, Councilmen: NONE.