13 18-2243 Subject: Ballot Measure - Appropriations Limit Increase
From: Finance Department
Recommendation: Adopt A Resolution On The City Council's Own Motion Submitting To The Voters At A March 3, 2020 Municipal Election, An Ordinance To Increase The Appropriation Limit For Fiscal Years 2020-21 Through 2023-24 To Allow The City To Expend Funds Collected From Eight Voter-Approved General And Special Tax, Ballot Measures - For Emergency Medical Services, Paramedic Services, Library Services, Public Safety And Violence Prevention Services, Homeless Services And Other Lawful Governmental Purposes; And Directing The City Clerk To Take All Actions Necessary Under Law To Prepare For And Conduct A March 3, 2020 Municipal Election
$88,000,000.00 over 4 Years sounds like the $28,000,000.00 requested in Funding Ballot measure AA /4. This Council, The City GM, & Mayor are funding credit as the 2016 $198 Construction Bond measure. i.e. $600,000,000.00 credit over 13 Years. somewhere in here is AA, in the WHOAS, WHEREAS, WHYWECANTSELLCOLISEUMAS, WEHAVELIABILITYTHEREASTHRU2036AS, WEHAVECAPITALAS$1.25Bil, BUTOWEPOLICEFIREPENSIONSRETIRE-TWICEAS. If this was a Public Financial Corporation, the Feds would close it down as bad PONZI Scheme. You can't make time to abolish the Fraudulent AA. But have to recover capital flow before you can accept it's failure. I am sad for US!
$88,000,000.00 over 4 Years sounds like the $28,000,000.00 requested in Funding Ballot measure AA /4. This Council, The City GM, & Mayor are funding credit as the 2016 $198 Construction Bond measure. i.e. $600,000,000.00 credit over 13 Years. somewhere in here is AA, in the WHOAS, WHEREAS, WHYWECANTSELLCOLISEUMAS, WEHAVELIABILITYTHEREASTHRU2036AS, WEHAVECAPITALAS$1.25Bil, BUTOWEPOLICEFIREPENSIONSRETIRE-TWICEAS. If this was a Public Financial Corporation, the Feds would close it down as bad PONZI Scheme. You can't make time to abolish the Fraudulent AA. But have to recover capital flow before you can accept it's failure. I am sad for US!