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KPBS Voters Guide@KPBSNews
November 8, 2016 — Elección General de California
Local

City of Lynwood
Measure RD - Majority Approval Required

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Resultados electorales

Se aprueba

9,574 votos si (66.97%)

4,723 votos no (33.03%)

100% de distritos activos (25/25).

Budget Stabilization ("Rainy Day") Fund
— undefined

To help maintain vital city services including emergency response, neighborhood police patrols, drug and youth violence prevention programs, fire protection, street and pothole repair, parks and recreation programs; and other essential services, shall Lynwood establish a Rainy Day fund to provide short-term funding for such general services into which ten percent of any 2016-authorized tax revenues shall be deposited and spent only in cases of fiscal hardship?

¿Qué es esta propuesta?

Información básica sobre la iniciativa de ley — Información oficial sobre esta iniciativa

Análisis del analista legislativo / Proposal

Voter approval of this measure would amend the Lynwood Municipal Code to

establish a budget stabilization (or “rainy day”) fund. The fund would be used to

pay for future City operations and services that might otherwise be reduced in

scope, suspended or eliminated due to unanticipated shortfalls in general fund

revenues, whether caused by economic recession or other financial hardship of

the City.

The fund would receive automatic deposits/transfers of tennpercent of any 2016

voter-approved sales tax revenues generated each year commencing with Fiscal

Year 2017-2018 from the proposed transactions and use tax which is on the

November 8, 2016 ballot for election.

Available funds from the budget stabilization fund could be expended by the City

Council in any fiscal year if the City Council declares a fiscal hardship requiring

the use of such resources to maintain current levels of City services and

programs, if approved by a 4/5 vote. The proposed measure defines “fiscal

hardship” as a projection by the City Manager in the proposed budget for any

fiscal year that slow growth or a decrease in general fund revenues will result in

an appreciable reduction in funding for general City services, as compared to the

prior year’s base budget required to maintain those services.

Under the proposed measure, at no time may the balance of the fund exceed ten

percent of the City’s general fund revenues forecast in the adopted budget for

the subsequent fiscal year.

The proposed measure also includes mechanisms to establish and suspend

automatic transfers to the fund based on revenue forecasts.

The proposed measure requires a majority vote of the electorate; however, the

ordinance establishing the Budget Stabilization Fund will only become effective

if the transactions and use tax measure, which is on the same ballot for election,

is also approved by the voters.

A “yes” vote is a vote in favor of authorizing the budget stabilization fund.

A “no” vote is a vote against authorizing the budget stabilization fund.

 

 

Published Arguments — Arguments for and against the ballot measure

Argumento A FAVOR

 

Measure RD would establish a budget stabilization (or “rainy day”) fund to

protect us during hard financial times.

We need your help to pass Measure RD. Measure RD will help to create

reserves which may be accessed to rebuild the city’s infrastructure; provide

corrective maintenance of our roads, city buildings, parks, sewers, and storm

drains; and to address safety concerns by providing reserves in case the City

needs extra funds to support police protection. We do not wish to risk

jeopardizing these City services and create greater debt down the road.

Lynwood survived the prior budgeting shortfalls, economic downtimes, and

revenue deficiencies by making hard budgetarychoices and by straining the

City’s financial reserves.

The lack of general growth in revenues has led to the reduction of the City’s

reserves in order to fund necessary operations. Yet, given revenue problems, by

the end of FY 17, General Fund reserves will be nearly depleted. We wish to

build a fund for any tough economic times.

Please support and pass this rainy day fund Measure RD.

 

EDWIN E. HERNANDEZ

Mayor, City of Lynwood

 

 

Argumento EN CONTRA

NO ARGUMENT AGAINST THIS MEASURE WAS SUBMITTED

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