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HomeMy WebLinkAboutAgenda Statement 1980/05/27 Item 11 COUNCIL AGENDA STATEMENT Item 11 ' Meeting Date 5/27/80 ITEM TITLE: Resolution /O!o f - Opposing Proposition 9 SUBMITTED BY: Ci ty Attorney (4/5ths Vote: Yes No -L) The City Council at its meeting of May 20, 1980 requested that a reso- lution be prepared memorializing their opposition to Proposition 9, the 50% cut in the state income tax. RECOMMENDATION: That the City Council adopt a resolution opposing Proposi tion 9 BOARD/COMMISSION RECOMMENDATION: N/A DISCUSSION: The City Council has indicated that after careful consideration of the financial impact of Proposition 9 upon the City of Chula Vista that even though tax reductions are universally popular, the wisdom of Proposition 9 in combination with Propositions 13 and 4, is very dubious and the Council wishes to record their opposition to the passage of Proposition 9. FISCAL IMPACT: See report on Proposition 9 dated 5/20/80 submitted by the City Manager ~'.,~ by tf13 Cit,; ',~:"""il of Chula Vistu, C<,;ifornia Dated .s: ;)-?- ~tJ , GDL:lgk lDIO'1 Form A-113 (Rev. 11/79) EXHIBITS Agreement_____ Resolution~ Ordinance_____ Plat_____ Notification List Other ENVIRONMENTAL DOCUMENT: Attached Submitted on II COUNCIL AGENDA STATEMENT Item -16b Meeting Date S-?O-RO ITEM TITLE: Report on Proposition 9 SUBMITTED BY: City Manager E (4/5ths Vote: Yes_ No~) The Council received a request from-the Library Board to oppose Proposition 9 and referred the matter to staff for its evaluation and recommendation. It is, therefore, my RECOMMENDATION: That the City Council go on record opposing Proposition 9. BOARD/COMMISSION RECOMMENDATION: The Library Board of Trustees has recommended opposition to Proposition 9. DISCUSS JON The attached memo from the Director of Finance indicates the potential loss of State revenues in the range of $3 billion to $4.9 billion, depending upon possible State Legislature actions. It also indicates that the City may stand to lose from $633,000 to $1,590,000, again depending on subsequent State Legislature actions if Proposition 9 passes. If the people of California are looking for a reduction in taxes which will apply to everyone, then Proposition 9 is not the appropriate vehicle. There are many Californians who pay no State income tax and, therefore, will receive no benefits from the passage of Proposition 9. Based on statistics from the State Controller, 43% of the savings will go to 5.6% of the income tax payers of the State. The initiative is rather short and the language is limited and, therefore, the definitive reductions in services are not correlated to the tax relief. It seems to me that by rushing into further dramatic tax cuts without giving Californians a chance to assess the full impact of Proposi- tion 13 and Proposition 4, an unknown amount of risk is introduced into an already uncertain California economy. Further, government flexibility in the use of its taxing ability is taken away by locking a specific tax formula into the State Con- stitution. There have been many arguments, pro and con, regarding Proposition 9. But I believe the items stated above are sufficient to take a stand against Propo- sition 9. I ~~/,eI -d/ !".f~ /?_J? I' - --;.:- '", r <---c.-<.I' - J c,.... ..... l.j -Jr - I 0' , " ....11 j .. ,~ \ '...'... (' ~ . CI,.1._ /,,,,' c-' --~Ia I ......l....l" : noted ~-:h::J ...:::...R 0 . . ,. . ~'" .-,."'"--.... ~ I L FC: ac Form A-113 (Rev. 11/79) I ()) oct EXHIBITS Agreement____ Resolution Ordinance Plat Memo from Other X Finance Dir. ENVIRONMENTAL DOCUMENT: Notification List Attached. Submitted on e DATE: MaY 1 2, 1980 VEPARTMENTAL CORRESPONVENCE R E eEl V E D CI . Y MANAGER Cl ~ . A VISTA, CA MAY 131980.. ~~"'~.I.i'~l :t!i>~4~~ ~ TO: Lane F. Cole, City'Manager VIA: Eugene R. Asmus, Assistant City Manager FROM:~ Gordon K. Grant, Director of Finance SUBJECT: Proposition 9 Evaluation On March 7, 1980 I prepared my first report on the financial impact of Proposition 9. The two projections in that report were based on the State Legislative Analyst's estimate that a 50% reduction in State personal income tax rates will result in a 4.9 ~illion dollar loss in State revenues in fiscal year 1980-81. Since that time a number of additional estimates have been made based on various interpretations of the initiative. As we all know from past exper- ience, most initiatives are not clearly written and in sufficient detail to completely understand. Proposition 9 is no exception. For example, the following summary illustrates the range of potential State revenue losses depending upon the determination of the exact legal date the initiative becomes effective. Range of Potential State Revenue Loss 1980-81 Legislative Analyst's estimate - 50% rates, applied to 1980 brackets, effective from January 1, 1980 through June 30, 1981 50% rates applied to 1978 brackets, effective from January 1, 1980 through June 30, 1981 58 1464 (Campbell) -50% rates, applied to 1980 .brackets effective from June 4, 1980 through June 30, 1981 50% rates,applied to 1978 brackets, effective from June 4, 1980 through June 30, 1981 $4.9 billion $4.3 billion $3.5 bill ion $3,0 billion No doubt the actual loss to the State will be somewhere in between the amounts shown above depending on any offset by growth in State revenues or the use of existing or accumulated general fund surplus on June 30, 1981. Since the passage of Proposition 13, State expenditures have exceeded revenues by large amounts and, therefore, the States general fund surplus has dropped from 3.7 billion to an estimated 1.8 billion on June 30, 1980. )Ol O~ C~zy 06 Chula V~~za, Cal~60~n~a A 111 <~ ~." .' ,'t.. 1- *": , Proposition 9 Evaluation Page Two Considering the potential State revenue loss indicated in the previous summary, the League of California Cities has indicated as shown below the percentage range of loss cities can anticipate if Proposition g passes on June 3, 19SO. Range of Loss Loss to Chula Vista Genera 1 Fund Low 5.3% Median 7.9% High 13.3% $ 633,619 944,450 1,590,024 It should be pointed out that the indication of the general fund shown above applies only to the calculation of the dollar losses that we may expect. It does not suggest which mechanisms the State Legislature will utilize to pass on any reductions to cities. As indicated previously, those alternatives available to the State include reductions in State bail-out funds, business inventory reimbursement, motor vehicle in lieu fees, cigar- ette taxes, liquor license fees, the AS 66 financial aid to local agencies fund and sales tax. It is important to realize that a loss of the magnitude indicated by the Legislative Analyst represents a '25% loss in State general fund revenues. Furthermore, I don't think most people realize'that'SO% of the State's general fund budget is spent at the local level for public schools, county services and property tax relief fo~tities and special districts. It seems to me that with the passage of Proposition 13 and the loss of 1.9 million dollars in property taxes to the city and with the passage of Proposition 4 limiting expenditures beginning in fiscal year 19S0-S1, that we have already placed substantial controls on 'State and local government. Especially when we realize that under Proposition 4, the Gann Initiative, the law clearly provides refunds to the taxpayers of the State or any city if tax revenues exceed their spending limit.which is based on the Consumer Price Index plus population changes. This feature itself will guarantee California residents adequate control over expenditures and will mandate refunds to the taxpayer for any excessive taxes levied. In my opinion the approval of Proposition 9 in such a short span of time since Proposition 13 and Proposition 4 is not economically sound. It does not give the State or local governments sufficient time to evaluate the fiscal impact of the first two initiatives before enacting further substantial reductions such as Proposition 9. 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