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1992-05 Transfer Property Tax RESOLUTION NO. 92-05 RESOLUTION OF THE BOARD OF DIRECTORS OF SAN DIEGUITO WATER DISTRICT OPPOSING PROPOSED TRANSFER OF PROPERTY TAX REVENUES FROM "ENTERPRISE" SPECIAL DISTRICTS TO SCHOOLS WHEREAS, Governor Wilson has proposed shifting $347 million in property tax revenues from "enterprise" special districts to schools as part of his 1992-93 budget plan for California; and WHEREAS, the revenue transfer would pass on to many consumers substantial rate hikes for water and other services; and WHEREAS, the proposal would result in the loss of $225,000 in property tax revenue and requires rate increases of 3.9% for customers of the San Dieguito Water District; and WHEREAS, the governor's proposal could affect bond ratings for water districts and cost millions in additional interest costs at a time when many already are facing financial challenges due to the drought and California's economic downturn; and WHEREAS, by singling out "enterprise" special districts, the proposal creates inequities in that citizens receiving services from such local or regional districts would be assessed unequally as compared to those receiving similar services from a city, privately owned public utility, mutually owned corporation, or a joint powers authority; and WHEREAS, the property tax shift would in effect charge many consumers twice for the same essential services; and WHEREAS, many Californians already face water rate increases in the wake of the ongoing drought, water quality regulatory requirements and other factors; and NOW, THEREFORE, BE IT RESOLVED, that the San Dieguito Water District opposes Governor Wilson's proposed transfer of property tax revenues from "enterprise" special district to schools; and, BE IT FURTHER RESOLVED, that the San Dieguito Water District supports efforts to find more equitable, alternative means of funding schools as prescribed by Proposition 98. PASSED AND ADOPTED at a regular meeting of the Board of Directors of San Dieguito Water District held on the 24th day of March, 1992, by the following vote, to wit: AYES: Directors Omsted, Wiegand, Slater, Hano & Davis NOES: None ABSENT: None ~r-.Q (\~~ ~- Anne Omsted, President Af~~~~ Warren H. Shafer, Se retary - 5 -