_______________________, read first time and referred to Committee on
A CONCURRENT RESOLUTION urging the establishment of an
interim study committee to study the problem facing local governments
as a result of significant shortcomings in revenue.
Whereas, As state fiscal conditions continue to deteriorate,
it is more difficult for local governmental units to recover
from significant shortcomings in revenue;
Whereas, A November revision reduced expected revenues
for fiscal year 2002 by $540 million or 5.7 percent and for
fiscal year 2003 by $737.4 million or 7.4 percent; and
Whereas, It is urgent that the state come up with viable
solutions to the problems facing local governmental units as
a result of reduced revenues: Therefore,
SECTION 1. That the legislative council is urged to establish a
commission to study the problem facing local governments as a result
of significant shortcomings in revenue.
SECTION 2. That the committee, if established, shall operate under
the direction of the legislative council, and that the committee shall
issue a final report when directed to do so by the council.