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HomeMy WebLinkAbout92-23 - Enterprise Special District Tax RevenuesRESOLUTION NO. 92 -23 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH OPPOSING GOVERNOR'S PROPOSAL TO ELIMINATE PROPERTY TAX REVENUES FOR ENTERPRISE SPECIAL DISTRICTS • WHEREAS, the County Sanitation Districts of Orange County are enterprise special districts providing wastewater management for 2,100,000 people and commerce in metropolitan Orange County; and WHEREAS, said wastewater management services are essential, non - discretionary and provided solely for the purpose of protecting the public health and safety and the environment; and WHEREAS, the methods and manner of providing said wastewater management services are dictated by federal, state and regional statutory and regulatory requirements; and WHEREAS, through sound fiscal management the County Sanitation Districts of Orange County have been able to provide said wastewater management services to its domestic, commercial and industrial users in a most cost - effective manner; and WHEREAS, pursuant to applicable federal, state and local laws and regulations, a portion of the Districts' wastewater management services, including debt retirement, are financed by real property tax revenues; and WHEREAS, the Governor's 1992 -93 Fiscal Year Budget proposes to shift $347 million of annual local property tax revenue from approximately 1500 enterprise special districts, including the County Sanitation Districts of Orange County, to school districts to meet funding requirements prescribed by Proposition 98; and WHEREAS, the Governor's proposal to eliminate enterprise special districts annual property tax revenues and shift said revenues to school districts would cause the County Sanitation Districts of Orange County rate payers' annual cost for wastewater management services to increase an average of 70 %, and as much as 129 %, to make up for the $35,132,000 elimination of Districts' annual property tax revenues based on the 1991 -92 fiscal year budget; and • WHEREAS, the cost of wastewater management services for County Sanitation Districts of Orange County rate payers in future years will increase even further as a result of the Governor's proposal to eliminate the Districts' property tax revenues, because of otherwise anticipated annual tax revenue increases; and WHEREAS, the Governor's proposal could affect bond ratings for enterprise special districts and cost millions in additional interest costs at a time when many already are facing financial challenges due to California's economic downturn, and could seriously impair the ability of enterprise special districts to provide sorely needed infrastructure expansions and improvements; and • WHEREAS, the Governor's proposal would place an undue financial hardship on already stressed local economies and citizenry; and • WHEREAS, the Governor's proposal to eliminate enterprise special district annual property tax revenues and shift said revenues to school districts is an unacceptable scheme to balance the budget of the State of California; represents a tax increase, approvable only by the affected voters; and, in the case of the County Sanitation Districts of Orange County, effectively amounts to inappropriate financing of schools via sewer use fees. NOW, THEREFORE, BE IT RESOLVED that for the reasons herein before enumerated that the City Council of the City of Newport Beach does hereby express their strong opposition to the Governor's proposal to eliminate enterprise special districts annual property tax revenues. BE IT FURTHER RESOLVED that the City Council of the City of Newport Beach supports efforts to find more equitable, alternative means of funding schools as prescribed by Proposition 98. BE IT FURTHER RESOLVED that a copy of this resolution be forwarded to the Governor, members of the Orange County Delegation to the California Legislature, appropriate Committees of the California Legislature, and others as deemed appropriate. ADOPTED this 23rd day of March , 1992. MAYOR ATTEST: