|Jan. 5, 2016
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Legislation, Hot Bills, Public Safety, Marijuana Regulation
Bipartisan Proposal to Fund Efforts to Combat Homelessness and Assist California’s Low Income Residents Launches 2016 Legislative Year
Two news conferences on Monday, one in Los Angeles, and the other in Sacramento, on the bipartisan Senate budget proposal to tackle homelessness dominated the start of the Legislature’s New Year. Headlined by Senate President Pro Tem Kevin de León and former Senate President Pro Tem Darrell Steinberg, the press events rolled out a $2 billion bond proposal to build housing for mentally ill homeless to be funded by Proposition 63 (2004), the 1 percent tax levied on Californians earning more than $1 million annually to pay for mental health programs. The Senate leader projects that the “No Place Like Home” Initiative will fund 10,000 or more housing units throughout California.
Housing, Homelessness, Legislation
Proposals Due by Jan. 8The League of California Cities® is inviting members, partners and stakeholders to submit session proposals for the 2016 Annual Conference & Expo.
Meetings and Events, Action Item
Some of the most significant benefits of League membership for cities since 1988 have flowed from the League’s co-sponsorship of the California Statewide Communities Development Authority (CSCDA). This program provides a variety of public agencies and developers access to low-cost, tax-exempt financing and economic development tools. CSCDA issued $116.8 million in tax-exempt multifamily bonds that helped finance affordable housing projects in the cities of Long Beach and Santa Clarita.
Financial Solutions for California Cities
The California Debt & Investment Advisory Commission (CDIAC) is hosting two educational seminars, the first on advanced investments in late January and the second on disclosure in mid-February, that may be of interest to city finance officers.
Meetings and Events, Fiscal Officers, Municipal Finance
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