|April 19, 2013
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Sacramento County Superior Court Judge Michael Kenny heard oral arguments earlier today in League of California Cities v. Ana Matosantos, the League’s challenge to portions of AB 1484, the 2012 redevelopment budget trailer bill. The League is represented in this matter by Best Best & Krieger. Judge Kenny has 90 days from today to issue his written ruling. The League is pleased with the oral argument and cautiously optimistic as to the outcome, but will wait for the court’s ruling.
Key words: Legal Updates, Redevelopment, Revenue and Taxation
The League is gearing up for Legislative Action Day next Wednesday, April 24. This annual event is an opportunity for city officials to join League staff in Sacramento to learn more about currently proposed legislation and advocate for their cities. The opening general session will cover current budget issues, the status of new economic development tools, updates on enterprise zones, pension reform implementation, land use, and public safety realignment.
Key words: Meetings and Events, Enterprize Zones, Economic Development
Innovative State-Local Partnership Helps Create Jobs and Makes Monrovia More Attractive to Residents, Tourists and Business
Note: With job creation on the minds of public officials across California, the power of state-local partnerships in creating good paying construction and other private sector jobs and changing the face of communities’ merits attention. This is part of a series of special papers on some successful partnerships.
Located just 10 miles east of Pasadena, the city of Monrovia offers a shining example of how a powerful state-local partnership helped create jobs and transform a once-blighted community. Over the course of four decades, city leaders used tax-increment financing to save Monrovia and today the city is viewed as one of the most favorable for business in Los Angeles County. This success story is featured in Monrovia’s Strong Cities | Strong State profile. (www.strongcitiesstrongstate.com/city/monrovia)
Key words: Economic Development, Affordable Housing, Strong Cities | Strong State
Municipal Bond Analysts Assert Redevelopment Dissolution Causing “Havoc” in California Municipal Bond Market
In a blunt assessment, the National Federation of Municipal Analysts (NFMA) has criticized ABx1 26 and AB 1484, the 2012 legislation dissolving redevelopment agencies, as causing havoc in California’s municipal bond market in the name of funding state budget shortfalls. This criticism is contained in an amicus brief filed by NFMA in the Sacramento County Superior Court on April 8, in Syncora Guarantee, Inc v. State of California. The Syncora lawsuit involves several constitutional challenges to the redevelopment dissolution legislation over the treatment of bonds that were issued by former redevelopment agencies.
Key words: Redevelopment Legal Updates, Municipal Finance
The Air Resources Control Board (ARB) and Department of Finance (DOF) released the draft Cap-and-Trade Auction Proceeds Investment Plan: Fiscal Years 2013–14 through 2015–16. Made public on April 16, this draft investment plan is part of the Cap-and-Trade program established pursuant to the California Global Warming Solutions Act of 2006 (AB 32). AB 32’s primary objective is to reduce greenhouse gases (GHG) emission in California to 1990 levels by 2020 and continue to seek reductions beyond 2020.
Key words: Environmental Quality, Greenhouse Gases, Cap and Trade, Legislation
Deadline is May 24
What information and education do city managers need to be successful? What expertise do you have that could benefit others in your field?
Key words: City Managers, Meetings and Events
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