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WHEREAS, state agencies are imposing or considering many regulations imposing <br />unfunded mandates on local governments without regard to how local agencies will be able to <br />comply with these mandates while meeting their other responsibilities; and <br />WHEREAS, the combined effects of the seizure of the City's property taxes, increasing <br />unfunded state mandates, and the revenue losses due to the economic downturn have placed the <br />city's budget under serious fiscal pressure; and <br />WHEREAS, our city simply cannot sustain the loss of any more property tax funds or be <br />saddled with any more state mandates as they will only deepen the financial challenge facing our <br />city; and <br />WHEREAS, a number of the City's financial commitments arise from contracts, including <br />long term capital leases and debt obligations which support securities in the public capital markets, <br />that the City must honor in full unless modified by mutual agreement of the parties. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />follows: <br />The City of San Leandro will experience a severe fiscal hardship if the recommendation of <br />the Department of Finance to "borrow" $2 billion of local property taxes is supported by the <br />Governor and the Legislature, and it is further <br />RESOLVED, that the City Council strongly and unconditionally opposes the May 5 <br />proposal of the Department of Finance and any other state government proposals to borrow or seize <br />any additional local funds, including the property tax, redevelopment tax increment, and the City's <br />share of the Prop. 42 transportation sales tax, and it is further <br />RESOLVED, that the City Council strongly urges the state legislature and Governor to <br />suspend the enactment of any new mandates on local governments until such time as the economy <br />has recovered, and urges the state to provide complete funding for all existing and any new <br />mandates, and it is further <br />RESOLVED, that the City Clerk shall send copies of this resolution to the Governor, our <br />state senator, our state assemblymember and the League of California Cities. <br />