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R-1441 - 03/10/2015 - GOVERNMENT LEGISLATION - Resolutions Supporting Documents ITEM 6.E. 1) I-c, of 0A. -----N"\\\ '''.4' 7444:41W5t- C),s I• I 6 4004* 0 cowl, AGENDA ITEM Regular Board of Trustees Meeting of March 10, 2015 SUBJECT: Local Government Distributive Fund Reserves Resolution FROM: Riccardo F. Ginex, Village Manager BUDGET SOURCE/BUDGET IMPACT: $390,208 RECOMMENDED MOTION: Motion to Approve Resolution R-1441, A Resolution Urging the Governor and General Assembly to Protect Full Funding of Local Government Distributive Fund Reserves Background/History: The DuPage Mayors and Managers Caucus has asked all member municipalities to adopt a resolution that can be presented and submitted to the Governor and General Assembly as additional action to convey our support for 11tH funding of LGDF revenue. As you are aware the Governor has proposed a 50 percent reduction in the local share of the income tax during his FY2016 Budget Address. This loss of the State-shared income tax revenue would result in elimination of Village capital projects and service cuts. The Village of Oak Brook would lose approximately $390,208 in funding. Recommendation: The Board adopts the resolution as presented. (2.6- RESOLUTION 2015-GL-BD-LFDF-R-1441 A RESOLUTION URGING THE GOVERNOR AND GENERAL ASSEMBLY TO PROTECT FULL FUNDING OF LOCAL GOVERNMENT DISTRIBUTIVE FUND REVENUES WHEREAS, municipalities are front-line providers of government services to citizens and these services include police and fire protection, parks, infrastructure, water, sewer and utility services, and snow removal; and WHEREAS the State of Illinois has a long-standing tradition of collecting tax revenues on behalf of municipal governments and municipalities have relied on shared income tax revenue to provide services to taxpayers; and WHEREAS, municipalities have fewer options to raise significant revenue and rely on the full amount of revenue that the State collects on their behalf in order to fund the essential quality-of-life services expected and relied upon by community residents; and WHEREAS, the General Assembly increased the State income tax without providing any of the new revenues to municipalities and this loss of revenue has left the municipal share at levels collected during the Great Recession; and WHEREAS, the Governor proposed a 50 percent reduction in the local share of the income tax during his FY2016 Budget Address, reducing local revenues by over$600 million; and WHEREAS, the loss of this State-shared income tax revenue would result in elimination of countless jobs, local tax increases, program and service cuts, and could increase debt burdens that would be felt by all citizens; and WHEREAS, the Village of Oak Brook would lose$390,208. NOW, THEREFORE, BE IT RESOLVED by the President and Board of Trustees of the Village of Oak Brook, DuPage and Counties, Illinois, as follows: Section 1: The foregoing recitals are hereby incorporated into, and made a part of, this Resolution as the findings of the President and Board of Trustees of the Village of Oak Brook. Section 2: The President and Board of Trustees for the Village of Oak Brook hereby urge the Governor and the General Assembly to protect full funding of the Local Government Distributive Fund and other revenue sources that allow local governments to provide for the health, safety and general welfare of their residents. Section 3. The Village President and Village Clerk hereby authorize the Village Manager to send a suitable copy of this Resolution to the Village's local State senators and representatives. Section 4. All resolutions or parts of resolutions in conflict with this Resolution are hereby repealed to the extent of the conflict. Section 5. This Resolution shall be in full force and effect from and after its passage, approval and publication as required by law. [SIGNATURE PAGE FOLLOWS] Resolution 2015-GL-BD-LGDF-R-1441 Protect Full LGDF Funding Page 2 of 2 APPROVED THIS 10th day of March, 2015. Gopal G. Lalmalani Village President PASSED THIS 10th day of March, 2015. Ayes: Nays: Absent: ATTEST: Charlotte K. Pruss Village Clerk