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-¡ A -' ~ PG&E ANNOUNCES 2005 LOCAL GRANT PROGRAM The Pacific Gas and Electric Company (pG&E) has announced its fourth annual California Local Economic Development Grant Program to help fund economic development projects and events. Last year, PG&E provided $300,000 to 58 com- munity-based organizations and governments for local economic development projects. Qualifying organizations in PG&E's service territory can apply for grants of $500 up to $10,000. The completed appli- cations must be postmarked no later than August 24 and grantees will be announced in late September. Applications can be submitted online. The announce- ment letter, application guidelines, and, application can be found on the PG&E website at WINW.ooe.com' edarantl. Information about the PG&E program was for- warded to the League by the California Local Eco- nomic Development Association (CALED). For those League members who would value a partnership and additional assistance from CALED in their community, but haven't had the resources, these grants can be used to: Host a Local Elected Officials Economic Development Training Host a Local Workforce Investment Board Economic Development Training Sponsor a Professional Advisory Service or one-day workshop in your community where a team of expert practitioners from around the state helps you work through a local issue or problem Facilitate the creation of a board strategy Facilitate the creation of a community strategy or action plan Facilitate the creation of an Economic Development staff strategy or action plan Please note that the grants are only available to local governments and 501 (c)(3) nonprofit organizations. The Academy is a 501 (c)(3) and is available for CALED members to help you qualify for these grants. For more information, contact Kay Reynolds at (916) 448-8252, ext. 104, or via e-mail at kreynolds@caled.org. INDEPENDENT LEGISLATIVE ANALYST'S OFFICE RELEASES FINAL BUDGET ANALYSIS The non-partisan, independent Legislative Analyst's Office (LAO) has released its final analysis of the state budget signed into law early July. The budget provides $113 billion in spend- ing overall, with $90 billion from the state general fund. The remaining $23 billion is from special funds. Taking into account the 2005-06 budget's projection of a $1.3 billion reserve, and earlier revenue projections, LAO predicts a deficit of $4.8 billion entering into the 2006-07 budget year. The LAO will update their revenue analysis and projections in November. A full copy of the report can be accessed on the LAO website at wvvw.lao.ca.Qov. . . . . . . . . . . . . ..... . . . . . . VLF PAYMENTS from page 1 The payments are being made approximately two weeks following the signing of the budget bill into law - a development that Controller Westly said, "is the right thing to do" "Local govemment is where the rubber hits the road" in terms of the delivery of services, Westly noted. The State Controller said he had asked his staff to commit extra efforts to ensure that checks to repay cities and counties for funds that the state borrowed in 2003 were provided as quickly as possible. "The early deliver of these funds will be a great help in many cities," explained Dwight Stenbakken, executive deputy director of the League of Califor- nia Cities. "We thank the Legislature and Gov. Schwarzenegger for making these funds available through the budget, and we appreciate Controller Westly's efforts to make the funds available in the first days ofthis fiscal year." Visjt:(be League's websmatvww.cacities.orQ to view a city-by-city distribution of the VLF funds. PAGE 2/PRIORITY FOCUS Visit the League's Official Websitenwww.cacities.org .