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BUDGET from page 1 · · · · · · · · · · · · · ATTENTION NATIONAL LEAGUE OF How Did the Problem Get Bigger? CITIES CONVENTIONEERS!! December Is an Important Indicator month for Many exciting events will take place during the personal income tax revenues expected at the April National League of Cities' Congressional Conference 15 tax submittal deadline. December withholdings in Washington, D.C. March 11-13. Takea Iookat were substantially lower than expected, indicating these: lower personal income tax revenues in April. The LAO disagrees with the (~overnor's calculation on the Monday, March 11 amount of money required under the Proposition 98 o Areception and legislative briefing bythe funding guarantee for school finance. The difference League of California Cities; 4:30 to 6:00 pm at of opinion stems from personal Income tax calcula- the Washington Hilton and Towers, Lincoln East tions, as the Proposition 98 uses a personal income Room. index to calculate the appropriate amount of school fun d lng. Tuesday, March 12 The LAO further cautions against overly-optimis- ' A meeting with Senator Feinsteln on key issues tic assumptions of federal revenue in the current of concern to California. Noon to 12:30 pm, location to be announced. budget. She indicates that If the identified shortfall is not met in the current budget, a $7 billion operat- · The Golden State Roundtable is coordinating a ing shortfall will occur in next ),ear's budget and may carry over to future years, luncheon with House Ways and Means Committee Chairman Bill Thomas. The luncheon will take City Revenues Remain at Risk place after the meeting with Senator Felnsteln, from 12:30 to 2:00 pm in the Eisenhower Room The LAO's analysis reinforces the message we've at the Capitol Hill Club. l'he cost and contact been sending to city officials: city revenues are still information will be available next week. very much at risk. The new Speaker of the Assembly, Herb Wesson, indicated Thursday to a group of city · A reception for California city officials and and county officials that his position of "not balanc- Congressional members hosted by the California lng the budget on the backs of local government" did not mean that local governments would be State Society, 6:00 to 8:00 pm at the Rayburn immune from cuts. Darrell Steinberg, new Chair of House Office Building, Room 8-354. the Assembly Appropriations Committee, followed Wednesday, March 13 the Speaker's comments with his pledge not to · A Roundtable Discussion with the California "disproportionately" cut local government - the old Congressional Delegation to discuss homeland "equal pain" concept, security and anti-terrorism, 10:00 to 11:30 am, The next milestone in this difficult budget location to be announced. We urge all citjf "march" will be an assessment of the personal officials attending the NLCCongressional tnco~ e tax ~cetpt~ r=om Ap=Et lS~. This assessment Conference to attend this program. This ~itical will be included In the May Revision of Revenue program will take the place of our regular Estimates, which is usually released around May 10~h. briefing with the California Congressional This is the final revenue estimate used to close the Delegation. For more information and to RSVP, budget. Let's hope that the economy doesn't take a contact the League's Jennifer Lewis, 916/658- turn for the worst between now and April 15~. The 8254, lewisj@cacitles.org. lesson in this story is: Don't let up on Iobbyin_o efforts with your local offlcialsl IIOur Mission Restore and protect local control for cities through education and advocacy to enhance the quality of life for all Californians. PAGE 2/PRIORITY FOCUS Visit the League's Official Web Site--~.cacitles.org