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: . -�_ Attachment to Minute Order No 78-19 (The Proposal is described in Legislative Committee Report No 78-1 as follows "(2) Property Tax Relief four Committee has reviewed the League of California Cities'/County Supervisors Association of California's proposals for property tax relief Those proposals include a program of local government "revenue sharing" under which State surplus funds would be subvented to local governmental entities. No tax increase would be re- quired in connection therewith The plan would include the requirement that the Legislature would be sub,7ect to a com- parable State revenue limit and that State surplus revenues would be redirected into a reserve fund, and that a ma�or portion of that surplus would be subvented as local govern- ment revenue sharing and for additional property tax relief The program would be permanent, with an emphasis on general fund and urban housing purposes "The proposal also includes reasonable but effective property tax l�mits which, if in con,7unction with State revenue sharing, would make a meaningful shift away from local governments' dependence on the property tax Revenue limits would be ad,7usted by the inflationary growth of costs for existing services Moreover, a base or initial year of 1976-77 or 1977-78 would be chosen partially to offset the cycl�cal effects of recent Federal fund allocations to local entities "Finally, the proposals include the requirement that some �5,000,000 would be transferred to the S B 90 Board of Control as an advanced appropriation to reduce the time for payment of reimbursements to local entities under bills requir�ng S B 90 payments "Your Committee recommends approval of the ,7oint League/ CSAC property tax proposal ")