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2010-33w i 0 RESOLUTION NO. 2010- 33 A RESOLUTION OPPOSING THE BORROWING OF MOTOR FUEL TAX DISTRIBUTIONS IN EXCHANGE FOR THE RELEASE OF CAPITAL BILL FUNDING WHEREAS, the State of Illinois is proposing to borrow one month's worth of Motor Fuel Tax (MFT) distributions to the state, municipalities, counties and townships; and WHEREAS, in return, the state would distribute $100 million in funding pledged to local governments contained in last year's capital bill; and WHEREAS, for over 80 years, MFT funds have been the lifeblood of public works departments, and local governments rely on MFT revenues to undertake critical capital projects; and, WHEREAS, local governments in Illinois are responsible for more than 88 percent of the public road mileage carrying the traffic which generates MFT user fee revenues; and, WHEREAS, the Village of Buffalo Grove relies upon MFT to ensure properly maintained roadways in the village, and, WHEREAS, the Village of Buffalo Grove will spend approximately $2.7 million on repairs in FY 2010, and, WHEREAS, the current level of MFT funding is not keeping pace with annual maintenance schedules, and, WHEREAS, the State of Illinois appropriated $500 million in the capital bill for local government capital spending to supplement existing MFT revenues; and WHEREAS, the release of local capital funding and preservation of MFT distributions are necessary to address deferred maintenance and spur economic growth. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS that: Section 1. The Village of Buffalo Grove strongly opposes the State of Illinois's proposal to borrow MFT distribution in order to assist with state budget shortfalls. Section 2. The Village of Buffalo Grove believes that the release of the local capital funding would improve infrastructure, create jobs and strengthen the Illinois economy. Section 3. A copy of this resolution opposing the borrowing of MFT distributions shall immediately be forwarded to the Governor and the Illinois Secretary of Transportation. AYES: 5 — Braiman, Berman, Trilling, Stone, Sussamn NAYES: 0 — None ABSENT: 1 — Glover PASSED: October 4, 2010. APPROVED: October 4 , 2010. AP VED- Village President ATTEST: Villag erk