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| Oct. 10, 2014 Issue #95 Editor's NoteFor a PDF copy of the newsletter please visit the League's website. For more updates from the League, follow us on Twitter and like us on Facebook.Register Today for the League’s November Legislative Briefing WebinarJoin the League’s team of legislative representatives on Wednesday, Nov .12 from 2–3:30 p.m. for a webinar updating members on policy developments from the 2013-14 Legislative Session.Meetings and Events, Legislation CSCDA/CSCDC Announces $10.5 Million in New Markets Tax Credit Financing for Big Brothers and Big Sisters of Orange CountyLeague-Sponsored Program Finances Building to Help Increase Services to 10,000 Children
The California Statewide Communities Development Corporation (CSCDC) has provided $10.5 million of New Markets Tax Credit (NMTC) allocation to Big Brothers Big Sisters of Orange County to finance the purchase and renovation of a 52,565-square-foot office building in Santa Ana. Founded in 1958, Big Brothers Big Sisters of Orange County serves over 2,500 children in Orange County and the Inland Empire with the support of more than 1,600 volunteers through community and school-based mentoring programs. Local Streets and Roads Assessment Webinar Scheduled for Oct. 23The results are in and once again the biennial Local Streets and Roads Assessment has concluded that California’s local system remains on the brink of a rapid, downward condition spiral if maintenance funding shortfalls are not addressed.Public Works, Meetings and Events, Transportation Session Sneak Peek — League of California Cities’ Municipal Finance InstituteThis year’s Municipal Finance Institute, scheduled for Dec. 3-4 in Monterey, will not only provide the traditional session formats, but a dynamic roundtable session as well.Meetings and Events, Fiscal Officers Submit Ideas for the 2015 Mayors and Council Members Executive Forum TodayThe League of California Cities is excited to announce the return of the Mayors and Council Members Executive Forum. The 2015 Mayors and Council Members Executive Forum and Advanced Leadership Workshop will be held June 24-26 in Monterey at the Portola Hotel with an agenda geared to supplying California’s mayors and council members with the tools they need to serve their communities.Mayors and Council Members, Meetings and Events
Writing in the Sacramento Bee on Oct. 9, CalPERS CEO Anne Statusboll makes the case that if pensions are altered under bankruptcy, public employees pay the ultimate price. Ms. Statusboll’s op-ed, “If pensions are cut, the losers are public employees,” addresses the effect of U.S. Bankruptcy Court Judge Christopher Klein’s decision last week in the city of Stockton bankruptcy proceedings. The judge ruled that pensions can be reduced as part of Chapter 9. Ms. Statusboll argues that public pensions are a form of deferred compensation, paid into by both the employee and employer. |
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