HomeMy WebLinkAbout87-31 - Property Tax Revenues for Freeway ImprovementsRESOLUTION NO. 87 -31
WHEREAS, the proposed authority, in turn, would be funded
in part by property taxes transferred from cities and other
jurisdictions including school districts; and
WHEREAS, such transfers of property taxes would reduce
operating revenues used by cities to provide other public
services; and
WHEREAS, a survey sponsored by the OCTC found very low
public acceptance for a transfer of property taxes if other
critical local services might be affected; and
WHEREAS, the viability of a freeway authority funded by
property taxes is problematic due to issues of equity of effort
and return on investment by individual jurisdictions and the
variation of affect on the operating revenues and services of
those jurisdictions; and
WHEREAS, other potential funding sources, with preference
to new revenue, should receive additional analysis and a
comprehensive strategy devised to provide for freeway
improvements; and
WHEREAS, transportation problems have been and continue
to be the highest priority regional issue in Orange County; and
WHEREAS, ultimate solutions to those problems will
require cooperation and commitment among all levels of
• government, the private sector, and the public at- large.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Newport Beach that:
RESOLUTION OF
THE CITY COUNCIL
FOR THE CITY OF
NEWPORT BEACH
OPPOSING THE USE
OF PROPERTY TAX
REVENUES FOR
FUNDING FREEWAY
IMPROVEMENTS AND
•
EXPRESSING ITS COMMITMENT
ALTERNATIVE SOLUTIONS.
TO FINDING
WHEREAS, the
Orange County
Transportation Commission
(OCTC) has proposed
the creation of
an Orange County Freeway
Authority to fund improvements to the
County's existing freeway
system; and
WHEREAS, the proposed authority, in turn, would be funded
in part by property taxes transferred from cities and other
jurisdictions including school districts; and
WHEREAS, such transfers of property taxes would reduce
operating revenues used by cities to provide other public
services; and
WHEREAS, a survey sponsored by the OCTC found very low
public acceptance for a transfer of property taxes if other
critical local services might be affected; and
WHEREAS, the viability of a freeway authority funded by
property taxes is problematic due to issues of equity of effort
and return on investment by individual jurisdictions and the
variation of affect on the operating revenues and services of
those jurisdictions; and
WHEREAS, other potential funding sources, with preference
to new revenue, should receive additional analysis and a
comprehensive strategy devised to provide for freeway
improvements; and
WHEREAS, transportation problems have been and continue
to be the highest priority regional issue in Orange County; and
WHEREAS, ultimate solutions to those problems will
require cooperation and commitment among all levels of
• government, the private sector, and the public at- large.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Newport Beach that:
Section 1: It remains opposed, conceptually and
otherwise, to the use of property tax revenues to fund
improvements in the existing freeway system; and
• Section 2: That the OCTC is requested to delete this
strategy from those alternatives which may be used to fund
freeway improvements; and
Section 3: That, notwithstanding the above, the City
of Newport Beach is emphatically committed to assist, where able,
in finding the widest acceptable funding alternatives possible to
help solve the transportation problems of the County.
ADOPTED this 9th day of March, 1987.
ATTEST:
City Clerk
•