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• ARGUMENT IN FAVOR OF MEASURE V <br />Vote YES on V! Create jobs and stimulate our local economy, WITHOUT taxing Riverside's residents <br />or property owners <br />Measure V is a HOTEL TAX PAID ONLY BY HOTEL VISITORS when they spend the night locally. <br />Riverside residents and property owners are NOT taxed ` <br />Our City has been fiscally responsible! But to balance the State budget, Sacramento politicians have <br />taken millions from Riverside — money that was to be used for creating local jobs and stimulating <br />economic growth. The State has taken $65 Million from our community — most recently $17 Million <br />this Spring, and will only continue its money grabs. i F <br />The Riverside Police Officers Association, Riverside City Firefighters Association, Chamber of <br />Commerce and Riverside hoteliers support YES on V because it provides funding to protect and <br />maintain our essential services and quality of life — WITHOUT RAISING YOUR TAXES Y <br />YES on V supports essential services such as 9 -1 -1 response, police and fire protection, youth <br />programs, senior services, libraries and parks. <br />YES on V provides funding to market our City, attract tourism, and upgrade the convention center, <br />bringing more out -of -town dollars into Riverside. <br />YES on V stimulates Riverside's economy during the toughest environment in generations. <br />YES on V gives you LOCAL CONTROL. By law, every penny is required to stay here and can't be <br />taken by Sacramento. n <br />Like many other California cities, since 1966 Riverside has had an existing hotel tax. By increasing <br />the cost of a hotel room just 2% for hotel visitors, YES on V provides needed revenue to keep <br />Riverside on the right track, market and attract more visitors, and maintain and improve our public <br />safety, park, library, senior and youth services. b <br />Measure V includes fiscal accountability, with all funds subject to publicly available, annual, <br />independent audits of city funds and expenditures. <br />For information about Measure V, visit www.riversideca.gov <br />/s/ Councilmember and Small Business Owner, Paul Davis R EC F I VED <br />Councilmember Nancy Hart <br />Councilmember Mike Gardner AUG 1 3 2010 <br />City ^!erk's Office <br />