HomeMy WebLinkAboutRES 4015CITY OF RENTON,WASHINGTON
RESOLUTION NO.4015
A RESOLUTION OF THE CITY OF RENTON,WASHINGTON,OPPOSING INITIATIVE
1033.
WHEREAS,Initiative 1033 ("1-1033")will be on the state-wide ballot in November;and
WHEREAS,1-1033 would establish limits on the annual growth and revenue deposited in
state,county and general revenue funds with revenues above the limit rebated through
property tax reductions;and
WHEREAS,1-1033 could slow economic recovery by making 2009 recessionary revenues
the new baseline,which are local government budgets based upon the worst of times for
revenues for Washington State,its counties and cities;and
WHEREAS,the 2009 budgets,with their severe cuts,diminished services and eliminated
programs,would be the best that the citizens could hope for;and
WHEREAS,1-1033 would severely limit Washington's ability to make long-term
investments in education,health care and economic security;and
WHEREAS,1-1033 would create an unsustainable financial condition and strong
disincentives for local governments to accommodate non-residential development in their
communities,since revenues generated by economic development activities and funding to
accommodate that growth would rapidly reduce property tax revenues for those local
governments;and
WHEREAS,I-1033's scope includes federal and state grants and charges for contracted
services,providing little incentive for the federal and/or state government to award grants to
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RESOLUTION NO.4015
Washington cities and counties since the granted funds will simply flow out as property tax
cuts;and
WHEREAS,1-1033 would severely impact governments'ability to invest in infrastructure
that is critical to maintain a healthy economy and support economic growth and vitality;
NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON,WASHINGTON,DOES
RESOLVE AS FOLLOWS:
SECTION I.The above recitals are found to be true and correct in all respects.
SECTION II.The City Council ofthe City of Renton,Washington,opposes 1-1033.
PASSED BY THE CITY COUNCIL this 28th day of September ,2009.
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Bonnie I.Walton,City Clerk
APPROVED BYTHE MAYOR this 28th day of September ,2009.
Denis Law,Mayor
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Lawrence J.Warren,City Attorney
RES.1417:9/17/09:scr
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