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HomeMy WebLinkAbout4572 RESOLUTION NO. 4572 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, STRONGLY URGING THE LOS ANGELES COUNTY BOARD OF SUPERVISORS TO REDUCE THE RATES OF TAXES OVER WHICH IT HAS CONTROL WHEREAS, a major portion of real and personal property within Los Angeles County has been reassessed for the fiscal year 1976-1977 by the Los Angeles County Assessor's office; and WHEREAS, it has been determined that said reassessment has resulted in an average increase of approximately 14% in said assessment rollover the 1975-1976 basis; and WHEREAS, said reassessment will provide to the various districts within the Los Angeles County and to the County of Los Angeles General Fund many millions of dollars of additional tax revenue; and WHEREAS, without a reduction in such tax rates the tax bills of property owners in the County will increase enormously; and WHEREAS, the City and Unified School District of Arcadia will be reducing their property tax rates to the maximum extent possible; and WHEREAS, it appears that the County of Los Angeles Board of Supervisors will this month set tax rates for the various Los Angeles County Taxing Districts and will also set the tax rate for the General Fund of the County of Los Angeles; and WHEREAS, it now appears that the County of Los Angeles has the immediate ability and the financial opportunity to pass on to -1- 4572 the taxpayers within the municipalities of Los Angeles County at least a portion of the financial benefits derived from the increased assessments, NOW, THEREFORE, the Los Angeles County Board of Supervisors is hereby requested and strongly urged to effect an immediate and substantial reduction in the tax rate of all Los Angeles County Taxing Districts and of the General Fund of the County of Los Angeles. BE IT FURTHER RESOLVED that a copy of this resolution be forwarded to the Los Angeles County Board of Supervisors. The City Clerk shall certify to the adoption of this resolution. I HEREBY CERTIFY that the foregoing resolution was adopted at a regular meeting of the City Council of the City of Arcadia held on the 17th day of August ,197i::R by the affirmative vote of at least three Councilmen, to wit: AYES: Councilmen Gilb, Margett, Parry and Lauber NOES: None ABSENT: Councilman S~~~~ C~ty Clerk of the C~ty of Arcad~a SIGNED AND APPROVED this 17th day of August , 1976. ~ ?;;i.i~(- yor of the Ci ly of Arca ~a City Clerk (SEAL) ~~ -2- 4572