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RESOLUTION SUPPORTING <br />• CONSTITUTIONAL AMENDMENTS 93 AND #4 <br />Whereas, a competitive and global economy demands that local governments <br />work together to seize opportunities for high wage employment and continued prosperity, <br />and <br />WHEREAS, research shows that when localities work together as a region the <br />entire region is more economically vibrant; and <br />WHEREAS, Virginia's system of local government has serious structural barriers <br />to multi -jurisdictional cooperation in economic development that make it difficult for <br />cities, counties and town to respond quickly and cooperatively to opportunities; and <br />WHEREAS, regions in other states do not have these barriers, which puts <br />Virginia's local governments and regions at a competitive disadvantage; and <br />WHEREAS, Virginia localities need to increase opportunities to expand the local <br />tax base with new self-supporting industrial and economic development which bring jobs <br />and employment to the area; and <br />WHEREAS, citizens benefit when localities work together to share the risks and <br />benefits of economic growth, with resources used efficiently, and development directed <br />• to areas within the region where growth is desirable and infrastructure exists; and <br />WHEREAS, currently the costs and benefits of economic development may be <br />distributed across a region haphazardly, with one jurisdiction reaping benefits at the cost <br />of new schools and services in a nearby community; and <br />WHEREAS, in some parts of the Commonwealth economic development cannot <br />occur at all unless the local governments have easy and reasonable ways to pool <br />resources for a regional effort; and <br />WHEREAS, amendments #3 and #4 allow counties to use the same powers that <br />most cities and town can now use to enter into growth sharing agreements in a region; <br />and <br />WHEREAS, these amendments preserve the current accountability of elected <br />officials to the people of the Commonwealth; and legislation will be introduced in the <br />1999 General Assembly to ensure that any special governing body will be entirely <br />composed of local elected officials; and <br />WHEREAS, Virginia and its local governments have a long history of fiscal <br />conservatism, and a strong interest in maintaining strong bond ratings, which will be <br />unaffected by the flexibility offered by amendments #3 and #4; and <br />1] <br />