AgdaPkt 2005-02-07 - Laserfiche WebLink

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<6 -Â1q BUDGET UPDATE from page 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The hearing was introduced by Assemblyman John Laird, the new Chairman of the Assembly Budget Committee. He stressed his desire to have a bipartisan effort to develop an alternative to the administration's proposed budget. He also said he intends to begin the Assembly Budget Subcommittee hearings a full month earlier than normal - starting the week of February 7. There will also be a series of hearings around the state to allow individuals to weigh in on differ- ent aspects of the budget. While a full schedule is not yet available, the following hearings have been set Regional Impacts of Proposed Budget on Transportation Funding Friday, February 4, 2005 9am-1pm Isaac Newton Senter Auditorium 70 West Hedding Street San Jose, CA Thursday, February 10, 2005 9am - 11 :00 - Judicial Branch 11 :30 - 4:00 - Transportation Council Chambers City of Long Beach 333 W. Ocean Blvd Long Beach, CA 90802 Wednesday, February 23, 2005 9am - 11 :00 - Judicial Branch 11 :30 - 4:00 - Transportation Council Chambers City of Merced 678 W. 18th Street, 2nd Floor Merced, CA 95340 Revenue Picture Slightly Improved In her opening remarks, Liz Hill provided a brief update on the end of the year state revenues - information that was not available before the administration developed their budget, or before the LAO completed their analysis earlier this month (available at www.lao.ca.gov). She indi- cated that the end of December/early January revenues appear stronger than expected - per- haps $600 - 700 million more. But she cautioned that this it's too early to tell if these were due to one-time or ongoing factors. Campbell reviewed some key elements of the budget, emphasizing that the general fund expen- ditures are proposed to increase 4.2 percent over the current budget year. A full electronic version of the budget is available at http://aovbud.dof.ca.aov/. Full debate on specific issues will begin in the subcommittees of both houses. Budget Subcom- mittees 4 handle the general government issues in both houses, covering many local government line items such as COPs. Assemblyman Rudy Bermudez and Senator Joseph Dunn chair these subcommittees in their respective houses. The Senate Sub 4 Committee also covers transportation. In the Assembly, however, it is Budget Sub 5 Committee which has jurisdiction over both Information Technology and Transporta- tion. The discussion over suspension of Proposi- tion 42 transportation funds will thus occur in Senate Sub 4 Committee (Senator Dunn chairing) and Assembly Sub 5 Committee (Assemblyman Pedro Nava chairing.) Both the Assembly and Senate Budget Com- mittees produced their overviews of the Administration's proposal. They can be found at www.assembIV.ca.Qov/ and www.senate.ca.Qov/ For a review of proposals that directly impact cities, go to www.cacities.ora/revandtax. We will keep League members informed through Priority Focus, and the League's website. If you have questions, contact League Legislative Represen- tative Jean Korinke, ikorinke~cacities.ora or League Policy Analyst Frances Medema, fmedemaíB>.cacities.ora. Visit the League's Official Web Site--www.cacities.org PRIORITY FOCUSIPAGE 5 '"