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1755RESOLUTION NO. x.755 A RESOLUTION OPPOSING THE PASSAGE OF PASSAGE AMENDMENT 3 WHEREAS, the Secretary of State has certified to the November 5 ballot an initial proposed constitutional amendment (Amendment 3) to remove the sales tax on food and medicine; and, WHEREAS, Amendment 3 will reduce general revenues by $435 million; and, WHEREAS, public education would lose $117.6 million, an amount that could not be absorbed without increasing class size, postponing building maintenance, eliminating special programs such as band, music, art and not buying computers, or eliminating support services such as bus transportation; and, WHEREAS, higher education would lose $13.6 million resulting in lost scholarship opportunities or increased tuition for students; and, WHEREAS, cities and counties would lose revenue which would force cuts or scale backs in local services such as senior citizens centers, 91 l systems, police and fire protection; and, WHEREAS, all new, additional or increased taxes not exempting food and medicine shall be void, but taxes on food and medicine established before the effective date of this amendment will continue to be collected until July 3, ?003; and, WHEREAS, prescription medicines are already exempt from taxation and this amendment would apply to over the counter medicines which include such items as pills, creams, salves and ointments; and, WHEREAS, Medicaid would lose $42 million a year with the loss of the 1994 soda pop tax and also the $ l?6 million in federal matching funds; and, l WHEREAS, the passage of Amendment 3 would do long term damage to the quality of life for every Arkansan; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, THAT: The City Council of West Memphis, Arkansas opposes Initiated Amendment 3, and urges the citizens of West Memphis, Arkansas to vote against this amendment in the November 5, 2002 election. ADOPTED this ~ 1 `' day of October, 2002. ' L ..~ --~~.r.~l ..rte/ ~~f~~ William H. Johnson, Mayor ATTEST: -.___ Phillip Para, City Clerk SPONSOR: CITY CLERKS OFFICE DATEt~I ~ ~ ~,iD.~ FROM ~/"~' ~% ly0