|Feb. 25, 2015
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Cities Urged to Take Immediate ActionThe League board of directors last week voted unanimously to oppose unless amended Gov. Jerry Brown’s proposal to make changes to the redevelopment dissolution process as part of the FY 2015-16 budget. The recently released language to the proposal is anticipated to be included in a budget trailer bill. The proposal contains a number of significantly harmful provisions to local agencies that would reverse recent court decisions regarding the redevelopment dissolution process, undo previous incentives and limit transparency, accountability and opportunities for local agencies to protect their legal rights. The League board action occurred in advance of several upcoming hearings on the matter.
Redevelopment, Action Item
Sen. Jim Beall Introduces Bill to Provide More StabilityThe State Board of Equalization (BOE) yesterday approved a 6 cent per gallon decrease, from 18 cents to 12 cents, in the state variable tax on gasoline for FY 2015-16. This action will result in a dramatic decrease in the variable gas tax revenues received by cities. The decrease is more than the Department of Finance’s projected 5.5 cent reduction, but is lower than the BOE staff recommendation of a 7.5 cent reduction. The decrease will take effect July 1.
Revenue and Taxation, Transportation
Assembly Democrat’s plan to introduce several legislative measures focused on creating more affordable housing in California. The Speaker was joined by California Treasurer John Chiang, Los Angeles Mayor Eric Garcetti, as well as Assembly Members Ed Chau (D-Alhambra) Jimmy Gomez (D-Los Angeles) and David Chiu (D-San Francisco).
Housing, Affordable Housing, Legislation
bipartisan Dear Colleague letter being led by Reps. Randy Hultgren (IL-14) and C.A. Dutch Ruppersberger (MD-02). The letter to House leadership urges support for the preservation of the tax exemption on municipal bond interest.
Federal, Action Item, Municipal Finance
Mayors and Council Members, Action Item
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