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Resolution No. 90-68 CITY OF TIGARD, OREGON RESOLUTION NO. 90-�=u A RESOLUTION OPPOSING BALLOT MEASURE #5. WHEREAS, Ballot Measure #5, a property tax limitation maeasnre appearing on the November 1990 general election ballot, creates sweeping changes to the current property tax system in the State of Oregon;and WHEREAS, the property tax limitation measure contained in Ballot Measure #5 contains an arbitrary formula for determining each local taxing unit's share of the limited property tax dollars and does not permit the citizens of this community to apportion their tax dollars on the basis of their priorities; and WHEREAS, Ballot Measure #5, if passed,would require that cities.counties and school districts compete directly for available property tax dollars, rather than encouraging cooperation and development of viable priorities among there; and WHEREAS,the complexity of the revisions sought to be imposed by Ballot Measure#5 will make it extremely difficult, if not impossible, to predict the actual effect of the property tax limitation on this city's ability to provide essential services on a continuing basis; and WHEREAS, the city will be forced by the property tax limitation to eliminate or reduce services already provided in this community because of a decrease in available funding; and WHEREAS, the governing body of this municipality finds and determines that the interests of the citizens of this community are not well served by the inability to make accurate financial predictions,by the inability to allocate funding on the basis of their priorities,and by the increased competition among local taxing unit: expected to result fron Ballot Measure #5. NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that: This municipality actively opposes the property tax limitation measure contained in Ballot Measure #5. PASSED: This'z,­1 00 day o _ ' .1, 399o. Mayor- City of Tigard �ST: City Recorder -City of Tiga RESOLUTION NO. 901_-�-'�/ Page I