AgdaPkt 2004-08-23 - Laserfiche WebLink

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1.A-/O BILL NUMBER: SCA 4 CHAPTERED BILL TEXT RESOLUTION CHAPTER 133 FILED WITH SECRETARY OF STATE JULY 30, 2004 ADOPTED IN SENATE JULY 29, 2004 ADOPTED IN ASSEMBLY JULY 28, 2004 AMENDED IN ASSEMBLY JULY 27, 2004 INTRODUCED BY Senator Torlakson FEBRUARY 6, 2003 Senate Constitutional Amendment No. 4--A resolution to propose to the people of the State of California an amendment to the Constitution of the State, by amending Section 15 of Article XI thereof, by adding section 25.5 to Article XIII thereof, and by amending Section 6 of Article XIII B thereof, relating to local government finance. LEGISLATIVE COUNSEL'S DIGEST SCA 4, Torlakson. Local government finance. (1) The California Constitution requires that specified revenues derived under the Vehicle License Fee (VLF) Law be allocated among the counties and cities of the state according to statute. Existing statute requires that a specified percentage of the revenues derived under the VLF Law be deposited in the Local Revenue Fund in the State Treasury for allocation among counties and cities for specified purposes. This measure would require those revenues derived under the VLF Law from that portion of the vehicle license fee rate that does not exceed 0.65% of the market value of a vehicle to be deposited in an amount specified by that law in the Local Revenue Fund for allocation to cities, counties, and cities and counties, and the balance of that portion to be allocated among those entities as otherwise provided by law. This measure would also require that compensating allocations be made if a statute reduces the annual vehicle license fee below 0.65% of the market value of a vehicle. (2) Existing property tax law requires the county auditor, in each fiscal year, to allocate property tax revenue among local jurisdictions in accordance with specified formulas and procedures, and generally requires that each jurisdiction be allocated an amount equal to the total of the amount of revenue allocated to that jurisdiction in the prior fiscal year, subject to certain modifications, and that jurisdiction's portion of the annual tax increment, as defined. This measure would prohibit the Legislature from enacting a statute that modifies the manner of apportioning ad valorem property tax revenues so as to reduce the percentage of the total amount of ad valorem property tax revenues that are collected countywide and allocated among all local agencies, as defined, in a county below the percentage that these agencies would receive under the law in effect on the operative date of this measure. This measure would authorize the suspension of this prohibition for a fiscal year, if certain conditions are met. This measure would, except as otherwise provided by another provision of this measure, also prohibit the Legislature from enacting a statute that changes for any fiscal year the pro rata shares in which ad valorem property tax revenues are allocated among local agencies in a county, other than by a bill approved by a 2/3 vote of the membership of each house of the Legislature. .