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1A, \ \ SIGN UP EARL Y FOR TAX VLF PROGRAM WORKSHOPS COLLECTION PROGRAM SAVE THE DATE! The State Controllers Office recently sent California Communities will be holding infor- out an announcement to local officials regarding mational workshops on the VLF Gap Loan Financ- a tax collection program administered by the ing Program at various locations across the State Controller's Office with the Franchise Tax through the middle of December 2004. A list of Board. The message notes that it is important meeting dates and locations can be found on to sign up for the program before the tax season California Communities' website (https:/I gets underway to maximize the benefits. secure .cacommunities.com/cacomm/aDDs/vlf/ vlfSchedule.html). More meeting datesllocations The State Controller's Office matches tax will be added soon (including an upcoming meet- refunds and lottery winnings against lists of ing in Oceanside), so please check the website outstanding collections local governments send for updates. us. The state intercepts the amount owed and returns it to the local government agency. This A description of the VLF Gap Loan Financing program collected $135.3 million last year for Program - including information on the program's 235 participating agencies statewide. benefits, taxable and tax-exempt options, time- table, documentation requirements and enrollment The program really pays off for those that - can be found on California Communities' website participate. For example, the Superior Court of (https://secure.cacommunities.com/cacomm/ San Diego County recovered $3,135,391 from aDDs/vlfl). Interested parties who would like to 15,812 accounts during this calendar year. The speak to someone directly should also feel free to City of Hayward recovered $81,560 from 843 contact California Communities' Program Man- accounts. ager James Hamill at (925) 933-9229 ext. 216 Ohamill@cacommunities.com) or representatives The program is relatively simple. Once you of either of the co-senior managers: Michael sign up, your collection departments submit Gomez of Citigroup (415-951-1615; debtor names and the amount owed directly to michael.t.gomez@citigroup.com) or Paul the Franchise Tax Board (FTB). The FTB Rosenstiel of E. J. De La Rosa & Co. (415-495- creates a file that the State Controller's Office 8863; prosenstiel@ejdelarosa.com). reviews before payments are made. If you would like to find out more about this ............................... · · program, please contact Marshall Krieger of the · · State Controllers Office at (916) 324-9494 or · REVISED LIST OF STATE · · · email him at mkrieç:¡er@sco.ca.aov to request · lEGISLATORS NOW AVAilABLE · an Interagency Intercept Collections Participa- · · · · tion Booklet for Year 2005. This booklet, -com- · Last week Priority Focus ran a listing of · piled by the Franchise Tax Board, will provide · · state legislators with a background in local · both the guidelines and instruction for your · government. The list included several errors, · participation. including omissions of service. We apolo- : gize for any and all errors, and have reposted · a corrected version on the League website. : · To view the revised list of 2005-06 Legis- · · lators visit the Issues and Legislation section · · of the League's website at www.cacities.org/ · issues. · · · .............................. Visit the League's Official Web Site--www.cacities.org PRIORITY FOCUS/PAGE 3 _....~--,.-.-..- ._~,..,.