Shall an ordinance be adopted that 1) reduces the local telephone/cable television tax rate from 6% to 5½%, 2) protects the tax against changes in federal law, 3) includes new communication technologies, and 4) retains existing exemptions for seniors and the disabled, with revenue continuing to be used exclusively in Hermosa Beach for essential services such as 911 emergency response, fire, police, and sewer and street repairs, with continued public review of the City budget?