HomeMy WebLinkAbout98-090 CC Resolution RESOLUTION NO. 98-90
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA IN OPPOSITION TO PROPOSITION 9.090898, THE
UTILITY RATE REDUCTION AND REFORM ACT
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES RESOLVE, DETERMINE AND ORDER
AS FOLLOWS:
WHEREAS, the 1998 Electdc Utility Proposition would dismantle Califomia's new competitive
electricity market, eliminating customer choice and competitive electricity rates; and
WHEREAS, the State Legislative Analyst and Department of Finance have determined the net
impacts of this proposition on local govemments would be revenue reductions potentially in the tens
of millions of dollars annually through 2001-02; and
WHEREAS, the proposition could create a $6 billion hole in the state budget, resulting in significant
reductions in funding to local govemment and critical services such as police and fire, impairing
community health and welfare, public safety and community quality of life; and
WHEREAS, the precedent set by disallowing payment on rate reduction bonds could impair the
ability of state and local govemments to secure low-cost financing for local infrastructure bonds and
other types of bonds, and could cost Califomia taxpayers billions of dollars in lawsuits; and
WHEREAS, the proposition could have a devastating effect on those services and programs
dependent upon State General Fund revenues; and
WHEREAS, passage of this measure could exacerbate the financial problems experienced through
unfunded State mandates; and
WHEREAS, this proposition jeopardizes the state's economic recovery by creating uncertainty for
Califomia-based companies, as well as those considering relocating to our State.
NOW THEREFORE, BE IT RESOLVED, that the City Council of the City of Temecula does hereby
oppose Proposition 9, the Utility Rate Reduction and Reform Act.
PASSED, APPROVED, AND ADOPTED, by the City Council of the City of Temecula held the 8th day
of September, 1998.
Ron Roberts, Mayor
ATTEST:
Resos 98-90 1
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, Acting City Clerk of the City of Temecula, California, do hereby certify that
Resolution No. 98-90 was duly and regularly adopted by the City Coundl of the City of Temecula at
on the 8 day of September, 1998, by the following vote:
a regular meeting thereof held "'
AYES: 5 COUNCILMEMBERS: Comerchero, Ford, Lindemans,
Stone, Roberts
NOES: 0
ABSENT: 0
COUNCILMEMBERS: None
COUNCILMEMBERS: None
Jones CMC
City Clerk
Resos 98-90 2