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4922 A RESOLUTION NO. 4,922 WHEREAS, the City of Little Rock, Arkansas is vitally interested in the passage of S. B. iot* , now pending before the General Assembly of the State of Arkansas ; and WHEREAS , there is great need by the City of Little Rock for a flexible source of revenue with which to meet the infla- tionary forces in our economy and to continue providing facilities and services to, among others , the State agencies as well as protection to State property and personnel ; and WHEREAS , some members of the General Assembly who are elected wholly or in part by the citizens of Little Rock have expressed reluctance to support said bill on the theory that a percentage appropriation is undesirable and wrong in principle ; and WHEREAS , the principle of percentage appropriation of funds is not unprecedented, to-wit: The constitutional offices of the State of Arkansas , which are supported by Three Percent (3%) of general revenues ; and WHEREAS, the cities and counties , collectively , represent all of the people of this State, as do the constitutional offices ; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS : That the concept of percentage appropriation of revenues for cities and counties is not inconsistent with existing practices and there is a great and undeniable need by Little Rock, Arkansas , and other local governments for a form of tax income capable of expanding with inflationary forces in future years . BE IT FURTHER RESOLVED that all members of the General Assembly elected wholly or in part by the citizens of Little Rock , Arkansas , be and they are hereby urged to give their full support to the passage of S.B.,-4 •during the current session of the General Assembly. ADOPTED: January 16, 1973 ATTEST: Icrt.t... APPROVED: GIO/a! /1 • City Clerk Mayor