HomeMy WebLinkAboutRES 98-51RESOLUTION NO. 98-51
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR
OPPOSING PROPOSITION 9
WHEREAS, Proposition 9 would dismantle California's new competitive electricity market,
eliminating customer choice and competitive electricity rates;
WHEREAS, the State Legislative Analyst and Department of Finance have determined that the net
impact of this proposition on local governments would be revenue reductions potentially in the tens
of millions of dollars annually through 2001-02;
WHEREAS, the proposition could create a $6 billion hole in the state budget, resulting in significant
reductions in funding to local government and critical services such as police and fire, impairing
community health and welfare, public safety and community quality of life;
WHEREAS, the precedence .yet by disallowing payment on rate reduction bonds could impair the
ability of state and local governments to secure low-cost financing for local infrastructure bonds and
other types of bonds;
WHEREAS, the proposition serves only to create more bureaucracy and red tape and cost California
taxpayers billions of dollars in lawsuits;
WHEREAS, passage of this measure could exacerbate the financial problems experienced through
unfunded state mandates;
WHEREAS, this proposition jeopardizes the state's economic recovery by creating uncertainty for
California-based companies, as well as those considering relocating to our state;
WHEREAS, the League of California Cities voted to oppose the initiative;
WHEREAS, this proposition is poorly written, misguided, flawed and costly, and will only serve
to eliminate customer choice and competitive electricity rates.
NOW, THEREFORE, it is hereby resolved that the City of Diamond Bar opposes Proposition 9.
PASSED, ADOPTED AND APPROVED this 15th day ofSept , 1998.
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Mayor
98-51
I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, do hereby certify that the foregoing
Resolution was passed, adopted and approved at a regular meeting of the City Council of the City
of Diamond Bar held on the 15th day of September , 1998, by the following vote:
AYES: COUNCILMEMBERS: Ansari, Huff, O'Connor,
MPT/Chang, M/Herrera
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
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ATTEST:'
LynAa Burgess, City Cleric
City of Diamond Bar
98-51