CC RESOLUTION 4785 RESOLUTION NO. 4785
A RESOLUTION URGING MEMBERS OF CONGRESS TO PASS AND
THE WHITE HOUSE TO SIGN LEGISLATION TO AVERT ACROSS-
THE-BOARD FISCAL YEAR 2013 SEQUESTRATION CUTS AND TO
COME TOGETHER TO DEVELOP A LONG-TERM BUDGET
COMPROMISE.
The City Council of the city of El Segundo does resolve as follows:
SECTION 1: The City Council finds and declares as follows:
A. The impacts of the $1.2 trillion in across-the-board, forced federal cuts
proposed under sequestration will have serious and deleterious effects on
our local, regional, state and national economies — putting at-risk
hundreds of thousands of high-wage, high-skill aerospace and other
defense-related jobs as well as tens of thousands of non-defense jobs and
countless critical social services programs in education, housing,
healthcare and other human services areas; and
B. The George Mason University report titled "The Economic Impact of the
Budget Control Act of 2011 on DOD & non-DOD Agencies" dated July 17,
2012 (GMU Report), states that the nation's economy will lose $215 billion
in gross domestic product, shed 2.14 million jobs and swell the
unemployment rate by as much as 1.5 percentage points due to
sequestration cuts in the first two fiscal years alone; and
C. The GMU Report states that California will be most directly and severely
affected by these cuts, losing a total of 225,464 jobs (with 135,209 coming
from defense-related cuts and 90,255 from non-defense related cuts) and
$22 billion in gross state product; and
D. The current uncertainty surrounding the implementation of sequestration
has already led many companies to issue layoff notices and reduce
outlays in preparation of these looming cuts; and
E. Southern California represents the heart of the nation's aerospace
industry, with total direct, indirect and induced impacts of 276,000 jobs,
$20.6 billion in wages, more than $66 billion in economic impact and
returning almost $2.4 billion to state and local governments in tax revenue;
and
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F. The County of Los Angeles has a long history with aerospace and other
defense-related industries and currently has close to 60,000 direct jobs in
aerospace and other defense-related industries with a significant wage
premium, out-earning those in the manufacturing sector as a whole by
73%, on average; and
G. The local efforts are currently underway and being led by the L.A. Jobs
Defense Council — a coalition comprised of business, government and
labor leaders —to, first and foremost, avert sequestration but to also
prepare the region for the impacts of sequestration should these forced
cuts occur; and
SECTION 2: The City Council of the City of El Segundo urges members of Congress to
pass and the White House to sign legislation to avert across-the-board fiscal year 2013
sequestration cuts and to come together to develop a long-term budget compromise.
SECTION 3; This Resolution will become effective immediately upon adoption and will
remain effective unless superseded or repealed.
PASSED AND ADOPTED this 4th day of September, 2012.
Carl Jacobson, yet r
ATTEST:
Tracy Wea r, City Clerk
APPROVED AS TO FORM:
Karl H. B rger, City Attorney
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