City of Milwaukee - File #: 081119

• File #: 081119
• Version: 0
• Type: Resolution-Immediate Adoption
• Status: Passed
• File created: 11/26/2008
• In control: COMMON COUNCIL
• Final action: 11/26/2008
• Title: Resolution urging Wisconsin’s U.S. Congressional delegation to petition the Treasury Department to allocate a portion of the $700 billion Troubled Asset Relief Program to cities for infrastructure investment and further advocate for the inclusion of federal funding of municipal public works projects in any future economic stimulus package.
• Sponsors: ALD. BOHL, ALD. MURPHY, ALD. HAMILTON, ALD. DAVIS, ALD. KOVAC, ALD. BAUMAN, ALD. WADE, ALD. DONOVAN, ALD. PUENTE, ALD. DUDZIK, James N. Witkowiak, ALD. WITKOWSKI, ALD. ZIELINSKI, ALD. HINES JR.
• Indexes: CAPITAL IMPROVEMENTS, ECONOMIC DEVELOPMENT, FEDERAL LEGISLATION, PUBLIC IMPROVEMENTS

Date	Ver.	Action By	Action	Result	Tally
11/26/2008	0	MAYOR	SIGNED
11/26/2008	0	COMMON COUNCIL	ADOPTED; Minutes note: Ald. Bohl sought unanimous consent to add all members of the Common Council as sponsors of this matter. Granted without objection, Alds. Coggs and Murphy EXCUSED.	Pass	13:0

Number
081119
Version
ORIGINAL
Reference

Sponsor
ALD. BOHL, MURPHY, HAMILTON, DAVIS, KOVAC, BAUMAN, WADE, DONOVAN, PUENTE, DUDZIK, WITKOWIAK, WITKOWSKI. ZIELINSKI AND HINES
Title
Resolution urging Wisconsin’s U.S. Congressional delegation to petition the Treasury Department to allocate a portion of the $700 billion Troubled Asset Relief Program to cities for infrastructure investment and further advocate for the inclusion of federal funding of municipal public works projects in any future economic stimulus package.

Analysis
This resolution urges Wisconsin’s U.S. Congressional delegation to petition the Treasury Department to allocate a portion of the $700 billion Troubled Asset Relief Program to cities for infrastructure investment and further advocates for the inclusion of federal funding of municipal public works projects in any future economic stimulus package.
Body
Whereas, Cities play a vital role in this nation’s economy, serving as centers of housing, employment, education, health care, transportation and culture; and

Whereas, America will not experience a first-class economy without a first-class infrastructure, and the critical role that cities play in the national economy suggests that local infrastructure needs should be an issue of national priority; and

Whereas, Federal investment in this nation’s infrastructure has declined from 10% of non-defense spending 50 years ago to just 3.5% of non-defense spending today, placing onerous responsibility on local governments to finance the upkeep of their facilities; and

Whereas, Faced with balanced budget requirements and limited or declining sources of revenue, America’s cities find themselves unable to finance critically important infrastructure projects that are otherwise ready-to-go; and

Whereas, The nation is currently faced with an economic crisis that includes a fragile banking system, frozen credit markets, a deflated stock market, the biggest one month drop in consumer prices on reco...