HomeMy WebLinkAbout03-136.docMAY 13, 2003 03 - 136 ORDINANCE
(CARRIED_ 5 - 1 _____LOST_______LAID OVER_______WITHDRAWN_______)
PURPOSE: SUPPORT MAINTAINING STATE SHARED REVENUE
PROGRAM
INITIATED BY: MAYOR STEPHEN HINTZ
WHEREAS, the Oshkosh Common Council strongly supports the principle and
practice of State Shared Revenues; and
WHEREAS, the Oshkosh Common Council recognizes that the State of
Wisconsin faces a very difficult fiscal situation in preparing the next biennial budget; and
WHEREAS, the City of Oshkosh will face a severe budget and service reduction
if state shared revenues are drastically reduced; and
WHEREAS, Governor Doyle, in order to maintain most of shared revenue
funding, has recommended transferring a total of $500,000,000 from the State
Transportation Fund to the General Fund of the State of Wisconsin for the purpose of
providing $230,000,000 in shared revenue to municipalities within the State of
Wisconsin during the fiscal year 2003 - 2004 and $170,000,000 to municipalities within
the State during the fiscal year 2004 - 2005; and,
WHEREAS, spending on transportation projects will be maintained through the
proper use of borrowed funds for long term capital projects,
NOW, THEREFORE, BE IT RESOLVED that the Oshkosh Common Council
supports the proposal to transfer $500,000,000 from the State Transportation Fund to
the General Fund for the purpose of maintaining the State Shared Revenue Program.