Resolution No. 11471i
RESOLUTION NO. 1147
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
REGARDING FEDERAL REVENUE SHARING.
WHEREAS, city and county governments throughout the State of California are
facing one of the most severe revenue gaps in history; and
WHEREAS, local governments have virtually exhausted the local resources and
have been forced to rely far too heavily upon local property taxes to finance their
operations; and
WHEREAS, the federal government has access to the moat viable and productive
tax source -- the federal income tax; and
WHEREAS, there is a substantial need for the reallocation and redistribution
of these federal revenues in the form of a meaningful and effective revenue sharing
program; and
WHEREAS, this program should be initiated to assist local governments in meeting
major urban problems and reducing the revenue expenditure gap.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Cypress that
the Congress of the United States give early consideration to develop a meaningful
revenue sharing program to assist state and local governments in meeting their
service obligations and fiscal needs.
PASSED AND ADOPTED by the City Council of the City of Cypress at a regular
meeting held on the 8th day of February, 1971.
.ATTEST:
CITY CLERKOF TN CITY OF CYPRESS
STATE OF CALIFORNIA
COUNTY OF ORANGE
) SS
MAYOR OF THE CITY OF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that
the foregoing Resolution was adopted at a regular meeting of the said City Council
held on the 8th day of February, 1971, by the following roll call vote:
AYES: 5 COUNCILMEN: Harvey, Kanode, Lacayo, Roberts and Kanel
NOES: 0 COUNCILMEN: None
ABSENT: 0 COUNCILMEN: None
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CITY`CLERKf6F TRE,CITY OF CYPRESS