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Res 09-558 RESOLUTION NO. 09-558 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON, OPPOSING INITIATIVE 1033 CONCERNING STATE, COUNTY AND CITY REVENUE WHEREAS, Initiative 1033 will be presented to the voters in conjunction with the general election on November 3, 2009; and WHEREAS, if passed, Initiative 1033 would limit growth in state revenues deposited in funds subject to the state expenditures limit and would limit growth in the county and city revenues deposited into the county and city curr~nt expense fund; and WHEREAS, the Washington State Office of Financial Management estimates that, if passed, Initiative 1033 will reduce general fund revenues by2015 in the amount of5.9 billion dollars for the state, 694 million dollars for counties, and 2.1 billion dollars for cities; and WHEREAS, if passed, the effect of Initiative 1033 on Federal Way would be to (1) reduce general fund revenues, (2) limit ability to make public improvements, (3) limit ability to deal with unanticipated costs, such as emergencies and emerging issues or opportunities, and (4) increase margin between revenues and costs; and WHEREAS, if passed, Initiative 1033 would impact Federal Way's general fund revenues beginning in 2011 and impact the increase in utility tax transfers from capital to operation to cover the current revenue shortfall; and WHEREAS, if passed, Initiative 1033 would reduce general fund revenues available to spend on operation by approximately 3.6 million dollars through 2015; and Resolution No. 09-558 Page 1 of3 WHEREAS, if passed, Initiative 1033 will slow revenue recovery - with the revenue cap, it will take until 2014 for revenues to recover to 2007 levels and would delay several programs and projects such as restoring Federal Way's annual street resurfacing program and implementing the park capital improvement plan; and WHEREAS, in accordance with RCW 42.17.130(1), notice for the opportunity to comment was published, and a public hearing was held on September 1,2009, and equal opportunity was provided for those in favor of and those opposed to Initiative 1033 to speak; WHEREAS, the Council finds that an expression opposing Initiative 1033 is appropriate and in the public's interest, NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, RESOLVES AS FOLLOWS: Section 1. The City of Federal Way City Council opposes Initiative 1033, which will be presented to voters in conjunction with the November 3, 2009 general election ballot. Section 2. Severability. If any section, sentence, clause or phrase of this resolution should be held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or unconstitutionality shall not affect the validity or constitutionality of any other section, sentence, clause or phrase of this resolution. Section 3. Corrections. The City Clerk and the codifiers ofthis resolution are authorized to make necessary corrections to this resolution including, but not limited to, the correction of scrivener/clerical errors, references, resolution numbering, section/subsection numbers and any references thereto. Resolution No. 09-558 Page 2 of3 Section 4. Ratification. Any act consistent with the authority and prior to the effective date of this resolution is hereby ratified and affirmed. Section 5. Effective Date. This resolution shall be effective immediately upon passage by the Federal Way City Council. RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY, WASHINGTON this 15 day of September 2009. CITY OF FEDERAL WAY ATTEST: APPROVED AS TO FORM: r~-tr:~ CITY ATTORNEY, PATRICIA A. RICHARDSON FILED WITH THE CITY CLERK: PASSED BY THE CITY COUNCIL: RESOLUTION NO.: 09-558 9-8-2009 9-15-2009 Resolution No. 09-558 Page 3 of3