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WHEREAS, Proposition 56 is intended to make elected officials more <br /> responsible for the consequences of their actions, to keep voters more informed of the <br /> budget decisions being made by their legislators,to limit partisan extremism and end <br /> gridlock in the budget process, and to require a rain day reserve fund to balance the <br /> budget in hard times and protect California taxpayers; and <br /> WHEREAS, Proposition 56 will not change Proposition 13's property tax <br /> limitations in any way. Proposition 56 changes the legislative vote requirement for taxes <br /> to 55 percent only for the purpose of increasing or decreasing taxes as part of the process <br /> of adopting the budget. <br /> NOW, THEREFORE,BE IT RESOLVED that the City Council of Los Altos <br /> Hills hereby endorses Proposition 56 appearing on the March 2004 ballot. <br /> Passed and adopted the 15th day of January, 2004. <br /> By <br /> Mayor <br /> Attes <br /> ty Clerk <br />