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HomeMy WebLinkAbout4297 RESOLUTION NO. 4297 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA EXPRESSING OPPOSITION TO INITIATIVE CONSTITUTIONAL AMENDMENT KNOWN AS PROPOSITION 14. WHEREAS, Proposition 14 would unrealistically limit the power of elected local officials and the local electorate to levy property taxes and create indebtedness for the benefit of their communities; and WHEREAS, Proposition 14 will seriously weaken local self- government by removing the ability of cities and school districts to adequately finance needed services and facilities; and WHEREAS, Proposition 14 will also remove the ability of the State Legislature to deal effectively with revenue and taxation matters by freezing critically deficient requirements into the Constitution; and WHEREAS, Proposition 14 includes substantial increases in State taxes and will require still further substantial increases by the State Legislature to replace a $1.2 billion deficit which the initiative creates; and WHEREAS, Proposition 14 will create a chaotic situation threatening ongoing city and school activities as well as preventing orderly, long-t,erm development; and WHEREAS, Proposition 14 is opposed by Governor Ronald Reagan, the California School Boards Association, the California -1- 4297