RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

* * * * * *

RESOLUTION IN SUPPORT OF PROPOSITION 57-THE ECONOMIC RECOVERY BOND ACT

______________________________________________________________

RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

WHEREAS, the state has had ongoing budget deficits since 2001; and

WHEREAS, California has experienced General Fund shortfalls since Fiscal Year 2001-02, during the economic downturn; and

WHEREAS, if approved by voters, Proposition 57 would authorize the state to issue a one-time bond of up to $15 billion to finance the state's accumulated budget deficit as of June 30, 2004; and

WHEREAS, support of Proposition 57 would help the County provide responsive, effective and collaborative government and work toward Goals #22-to collaborate and develop strategic approaches to issues affecting the entire County;

NOW THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the San Mateo County Board of Supervisors by the adoption of this resolution hereby supports Proposition 57-The Economic Recovery Bond Act.

* * * * * *