AgdaPkt 2002-07-01 - Laserfiche WebLink

Browse Search

1'2.A.z5 BUDGET from page 4 ............................................... Committee actions on RDA's: Cautionary Note 1. Fifty percent of the shift will be based on a formula The state budget is a long way from home. The that is calculated on gross tax increment, The other more difficult it is to get closure, both mathematically fifty percent of the shift will be calculated on net tax and politically, the more at-risk is local government increment (gross tax increment less pass-through revenue. Stay vigilant and keep up the contacts with payments to other local agencies), as reported in the your Legislators and Budget Committee Conferees. most recent Controller's Annual Report. Once again, those conferees are: Assembly Members Oropeza, Steinberg and John Campbell; Senate Members 2. The Low and Moderate Income Housing funds would Peace, Chesbro and Ackerman. be excluded from the ERAF transfer. 3. RDA's would be allowed to borrow up to fifty percent of the Low and Moderate Income annual cash NE~V 9-11 LICENSE PLATES HELP deposit if no executed contracts exist that would be CALIFORNIA FAMILIES AND impaired ir the agency reduced the amount allocated to ANTi-TERRORiSM the Low and Moderate Income Housing Fund. Cities may wish to publicize a new California 4. The loans from the Low and Moderate Income funds Memorial License Plate program available to Califor- would be repaid in full within 10 years. Current loans nians who want to help the families of those lost in the from the 1992-93 through ~ 993-94 could be excluded. September 11 attacks and support the state's fight against terrorism. The program was developed by 5. The RDA's would be allowed to reduce their pay- Assembly Speaker Herb J. Wesson Jr. (D-Los Angeles). ment to ERAF if there is no other feasible way to make Proceeds from the sale of the license plates will help payment on existing indebtedness, as of the effective fund anti-terrorism programs in the Office of Criminal date of this act, without breaking contractual arrange- Justice Planning, and provide $5,000 scholarships to the ments, surviving children of the estimated 200 Californians who died in the September 11 attacks. 6. The sponsor city or county would be required to pay any amount of the transfer that the RDA is unable to California schoolchildren contributed to the pay. new license plate's design, through a contest sponsored by Speaker Wesson. The winning design features an During the discussion on the Redevelopment American flag background with the words "We Will ERAF shift, the Committee decided to eliminate a Never Forget" on the bottom. It was created by provision placed in the Redevelopment ERAF shift of Dashielle Samoy, a 17-year-old 12th-grader at Allan F. the early 1990's that required the county to bear some Daily High School in Glendale, and David Amond, a 17- of the ERAF shift, if pass-through agreements to the year-old 12th-grader at Mary Star of the Sea High county constitute more than 33 percent. The effect of School in San Pedro. eliminating this provision-from the shift proposed for the 2002-03 budget ii to permit counties receiving high The new license plates are available to all pass-through amounts to avoid any ERAF shift on this registered California drivers For a $50 one-time cost portion of the property tax. and a $40 annual fee. Registered drivers can Fill out application forms for the new plates at local Depart- ment of Motor Vehicle offices statewide, or download applications for the new plates at vcww.dmv.ca.gov. Visit the League's Official Web Site--www.cacities.org PRIORITY FOCUS/PAGE 5