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;;',4- -4 VLF from page 1 .. .. . .. . .. . . .. .. .. LEG BRIEFINGS from page 1 . . . . . . . . . The 2004-05 state budget included a one-time "swap" of property tax in lieu of vehicle license fees. This VLF Adjustment Amount reflects the difference between what cities and counties would have received in 2004-05 under the old 2 percent VLF rate and what cities and counties actually received in 2004-05 under the adjusted .65 percent VLF rate. In the 2004-05 fiscal year, cities received estimated VLF Adjustment Amount payments - these were distributed in January and May of this year. The newly released true-up amounts are a one-time settle-up payment. Cities and counties will not see a similar settle-up payment in future years. In subsequent years, each agency's VLF Adjustment Amount will increase in proportion to the change in Assessed Valuation in the jurisdiction from the prior year. The law required the state to provide the VLF Adjustment amounts for the 2005-06 fiscal year. However, in the future county auditors will make those calculations. The SCO report and corresponding cover letter can be viewed on the League website at: www.cacities.orQ. Michael Coleman, fiscal policy advisor for the League, has provided a memo that further explains items on the SCO report. That memo can also be accessed on the League website at www.cacities.orQ. Any questions on the State Controller docu- ments can be referred to David Smart at dsmart@sco.ca.gov. If you have further questions please contact Jean Korinke bye-mail at jkorinke@cacities.org, or via phone at (916) 658- 8245. Featured luncheon speakers are Greg Lucas, bureau chief, San Francisco Chronicle (Northern California), and Michelle De Armond, political reporter, The Riverside Press-Enterprise (South- ern California). 80th speakers will be providing a commentary on the 2005 Special Election and prospects for 2006. Please register online by Monday, November 7, at www.cacities.on::l/events. The cost for attending is only $140. Early registration is advisable because space is limited. Only ad- vance registration is available for this workshop. .............................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Purchase this publication online at : www.cacities.orQ/store or call (916) 658- : 8257 for an order form. City officials : price $30, non-city official price $65, . plus shipping & handling. : . . . . . . . . . . . . . : Don't miss this opportunity to get the : League's most useful reference tool. . This comprehensive California directory : provides important contact information : for mayors, council members and city : department heads. The directory also . features the League's staff directory, : League partners, affiliate organizations : and a wide variety of advertisers. . . : INFORMATION YOU NEED, RIGHT . AT YOUR FINGERTIPS! . . . . . . . . . . . . . TH E 2005 CITY HALL DIRECTORY IS NOW AVAILABLE .............................. PAGE 4 - PRIORITY FOCUS October 21,2005 -Issue #41 Visit the League's Official Website--www.cacities.org