19920922 r-92-49RESOLUTION NO. R-92-49
RESOLUTION OF SUPPORT
FOR VIRGINIA GENERAL OBLIGATION BOND REFERENDA
WHEREAS, Virginia's continued economic growth and development
is dependent upon the Commonwealth,s ability to provide for the
needs of its citizens both now and into the 21st century;
WHEREAS, Virginia voters will have the opportunity to approve
two bond referenda on November 3 that will provide funds
construct and renovate the facilities necessary to serve the
state's growing population;
WHEREAS, there have been no state-supported capital
improvement programs for higher education since 1986, yet during
that period enrollment in our colleges and universities has grown
by 40,000 and by the year 2000 another 65,000 students will seek
enrollment in Virginia's colleges and universities;
WHEREAS, $472.4 million is earmarked for the capital needs of
higher education, providing badly needed classroom, laboratory and
other teaching space, correction of life-safety code deficiencies,
repairs to libraries, additions to computer centers, and other
needs;
WHEREAS, providing for the needs of those citizens of the
Commonwealth with mental disabilities is a responsibility of all~
Virginians;
WHEREAS, $45.2 million is appropriated for the construction
and renovation of seven high-priority projects for current and
projected patient needs, particularly for children and elderly
Virginians, enabling Virginia to meet the legal mandates for
patients in secure facilities and ensuring that state facilities
will continue to receive Medicaid and Medicare reimbursements,
reducing demands on the state budget;
WHEREAS, taxes will not have to be raised to pay for these
bonds;
WHEREAS, passage of these referenda will not jeopardize
Virginia's AAA bond rating;
NOW, THEREFORE, BE IT RESOLVED that the City of Fairfax
endorses the passage of these two referenda on the November 3,
1992, ballot, authorizing the issuance of general obligation bonds
of the Commonwealth of Virginia.
BE IT FURTHER RESOLVED that the City of Fairfax encourages the
voters of Virginia to vote "yes" on each of these two questions of
whether the referendum should take effect.
ADOPTED this 22nd day of September, 1992.
~~YOR
ATTEST
City d/erk