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Resolution 12080006.90000 WSS/gjz 9/30/09 RESOLUTION NO. 1208 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DECLARING ITS OPPOSITION TO INITIATIVE 1033. WHEREAS, Initiative 1033, also known as I-1033, would limit the growth of state, county and local general fund revenue to the amount from the previous year, plus inflation, with adjustments for population growth, except where voters approve additional funds; and WHEREAS, given the low amounts of general fund revenue in 2008 from drops in sales tax receipts, as well as B & O tax receipts in other jurisdictions, as Edmonds comes out of the recession, I-1033 would require the Edmonds City Council to cut property taxes to offset growth in our sales tax, and WHEREAS, because of the difficulty in raising new revenue by vote, I-1033 would effectively make permanent the cuts the City of Edmonds has had to make, and WHEREAS, the rate of growth in costs for providing city services often exceeds the rate of inflation, now, therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY RESOLVES AS FOLLOWS: terms. Section 1. The Edmonds City Council opposes Initiative 1033 in the strongest Section 2. The City Council directs staff to develop a "Fact Sheet" on I-1033, which also conveys the Council's opposition to I-1033, to be distributed by mail to each home of {WSS744007.DOC;1\00006.900000\ } I - a registered voter in the City, and which will be paid from Council Contingency funds. RESOLVED this 6th day of October, 2009. APPROVED: MAYOR, GARY HAAKENSON ATTEST/AUTHENTICATED: CITY CLERK, SANDRA S. CHASE FILED WITH THE CITY CLERK: 10/02/2009 PASSED BY THE CITY COUNCIL: 10/06/2009 RESOLUTION NO. 1208 {WSS744007.DOC;1\00006.900000\ ) - 2 -