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�.��� <br /> VLF from page 5 • • • • • • • • � - • • � • • � � • • MILITARY BASE REALIGNMENT AND <br /> Annexations CLOSURE MEETING SET F'OR MARCH 16 <br /> Most annexations of undeveloped property will California congressional delegation cachairs, <br /> not be negatively impacted since they would not Representatives David Dreier and Zoe Lofgren, <br /> have a population base at the time of annexation to Will be hosting a roundtable discussion on the <br /> receive VLF funding in any case – and future upcoming 2005 Base Realignment and Closure <br /> assessed value (A� growth within the annexation (BRAC) round during the annual National League <br /> will increase the city's property tax in lieu of VLF. of Cities Conference in Washington, DC, March <br /> However, many annexations of developed property > 1-16 <br /> and unincorporated islands will receive an inad- <br /> equate boost in property tax in lieu of VLF to com- The discussion will be held on Wednesday, <br /> pensate for the smaller VLF allocation. This is March 16 nom 11:00 a.m. to 12:00 p.m. in Room <br /> because the new law directs county auditors to HC-5 of the U.S. Capitol Building. Participants will <br /> disregard the existing AV upon incorporation when �nclude: <br /> determining the annual change in the city's property • Califomia members serving on the House <br /> tax in lieu of VLF payment. As a result, no increase Armed Services Committee <br /> for the annexation is added to the property tax in • Top officials ftom the Department of De- <br /> lieu payment base and the funds are lost in perpe- fense, including Patrick O'Brien, Director of the <br /> tuity. (See Section I II of Coleman's report, The VLF Office of Economic Adjustment <br /> for Property Tax Swap of 2004: Problems fi�r • State of Califomia BRAC officials <br /> �lnnexations and New Incorporations.) <br /> We urge your pa�ticipation in this important <br /> Incorporations <br /> discussion on this critical Califomia city issue. <br /> Changes in the law under the swap currently <br /> make virtually any new incorporation fiscally � <br /> unviable. Because they were not in e�astence in Leaving City Office? Retiring? <br /> FY04-05, new cities will not have a base year The League wants to stay in touch! <br /> property tax in lieu of VLF established. Conse- Just because you are leaving your position <br /> quently, under current law, these cities would W �h the city doesn't mean you stop caring <br /> receive no property tax in lieu of VLF as existing about or wanting to be involved in city <br /> cities do. In addition, while the law preserves the issues. Keep abreast of developments <br /> "bumped up" VLF basis for recently incorporated affecting cities and the League by becom- <br /> cities (cities that received such funding as of �ng part of the League's alumni group. <br /> August.15, 2004), there is no bumped up basis for <br /> new cities in the future. (See Section V of Members will receive periodic updates on <br /> Coleman's report, The VLF f+�r Property Tax Swap city issues and League a�tivities. This is <br /> of2004: Problems forAnnexations and New Incor- the League's way of saying "thank you° for <br /> porations.) your public service—there is no fee for this <br /> service. <br /> To join, go to www.cacities.or4/atumni <br /> or send your contact information to <br /> dharrisonC�cacities.ora. <br /> PAGE 6/PRIORITY FOCUS Visit the league's Official Web Site -- www.cacities.org <br />