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Resolution 12747CITY OF ALAMEDA RESOLUTION NO. 12747 SUPPORTING ASSEMBLY BILL 2828 REQUIRING THE RETURN OF A PORTION OF SURPLUS STATE REVENUES TO CITIES AND COUNTIES TO REPAY FOR PROPERTY TAX LOSSES WHEREAS, since 1992, State Government has diverted hundreds of millions of dollars in property taxes away from cities and counties to balance the State Budget; and WHEREAS, the League of California Cities data indicates that the losses for the City of Alameda are more than $2.5 million per year; and WHEREAS, the State's decision to deprive cities of property taxes needed for vital local services constitutes a shortsighted and counterproductive policy; and WHEREAS, there is an indication that the recession is now over and Sate revenues are growing; and WHEREAS, Assembly Bill 2828 (Sweeney), commencing with the 1995-96 fiscal year, will require that on an annual basis a percentage of surplus state revenues shall be returned to cities and counties to repay property tax losses. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Alameda hereby supports Assembly Bill 2828 and any other legislation that would require the return of a portion of surplus State revenues to cities and counties to repay for property tax losses. BE IT FURTHER RESOLVED that the City Clerk is hereby directed to forward a Certified Copy of this Resolution to Assemblymember Sweeney, Assemblymember Lee, Susan Hammer, Mayor, City of San Jose, League of California Cities and Independent Cities Association. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 19th day of March , 1996, by the following vote to wit: AYES: NOES: ABSENT: Councilmembers Arnerich, DeWitt, Lucas, Mannix and. President Appezzato - 5. None. None. ABSENTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 20th day of March , 1996. Diane W:. Felsch, City Clerk City of Alameda