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AgdaPkt 2007-02-12
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AgdaPkt 2007-02-12
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Last modified
9/24/2013 1:06:58 PM
Creation date
2/8/2007 1:33:42 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Public Finance Authority
Date
2/12/2007
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8A <br /> p' �tC {��^pry,yyyw� n Page 6 <br /> FV���1�4/ IY VIfI �Gi�G � 4 6 O �i O P 1{ t P t R 6 R i Y N W i •� Q 1Y �E f B 6 • O O 4 • H O 6 6 6 O Q N Q i M ! • O ! C <br /> Prop. 1 B requires impiementation by the State Treasurer's Office to develop a process to <br /> Legislature and wi{I be a significant area of facus meet these requests. <br /> this y�ear. In particular, the�1 billior e�ch fer <br /> cities and counties must be appropriated by the While it is uncertain when and how Prop. 1 B <br /> Legislature and it is likely that accountabiliiy funds wil! be allocated,the�eague is advacating <br /> guidelines for ihis program wil.l be drafted to guide -that-#he$1 billian forcities-goput expeditiously, <br /> cities anci.cQUn#ies.in.t-he expenditure of..t4e.bond with_a significant.portion going to cities in the 2007- <br /> � -funds. 08 Prop 42"gap"year, and that the entire amount <br /> be allocated on a predictabie timeline. Alfocating <br /> Governor's Budget Pro_posai Prop. 1 B funds sooner rather tharr later wil! put <br /> them to use immediateiy; fiii the Prop. 42 "gap'" <br /> !n the�o�ernor's proposed budget for fiscal year,and prevent a los#year of construction for all <br /> yEar 2007-08, $2.78 biliian af Prap. 1 B funds are of Cafifarnia's 4;8 c�ties. <br /> proposed for appropriation, including$600 million <br /> for cities and counties for locai streets and roads. Updated informa#ion on all the transportation <br /> i nis wouid mean$�t}�}miiiian for ciiies ana ��Gu programs inciuded in Prop. 1 B is availabie at <br /> million for counties in the last"gap.year°fcom .www.caci#ies.org(jnfrastcuctt�re. <br /> Prop.42 revenues. <br /> Please contact League Legislative Representa- <br /> In FY 2008-09,another$2.39 billion is pro- tive Liisa �awson Stark if you have any questions <br /> pos�d for apprapriation, inciuding$300 milfion for at Istark@cacifies.org or(916)658-8249. <br /> ci;ies and counties for iocal streets and roads, <br /> which would mean $150 million for cities and <br /> $150 million for counties. In FY 2009-10,$2.61 <br /> billion more is proposed for appropriation, includ- L���Lfi�! �O;t'�a�i'�43C�lE�'S <br /> ing $'i 50 million for cities and counties for iocal � <br /> streets and roads, which would again be shared �E:��'� �t) �t0� � �CD�E$l�tl <br /> equally. iCt `�1'UE...�C C1�? <br /> I#is the League's u��erst�nt�ing that the W�siern City rrragaz;n�'s job opportunity <br /> Administration intends to 3ppropriate$150 million sectian is the source for job seekers <br /> annually each year thereafter�to reach the total of looking for positians in locai government. <br /> '' $2 billion'slated for�i#tes and counties ftom Prap. According to our reader survey,the job <br /> 1 B- opportunity section is the best read <br /> section of our magazine! <br /> The League has held meetings.with key <br /> s,aicehalders to discuss how to distrib�te t"e When you place an ad in Western City <br /> bonds. Numerous questions have been pre- �agazine,it wilf be posted at no addi� - <br /> sented regarding projecfieiigibility and readiness, -tianal cfiarge�n our website,which <br /> timing f�r release of the funds and accountability. receives over 80,OOQ hits per month. <br /> The League continues to work with the Legis- Cail to place your <br /> lature,theAdministrafion,the California Depart- recruitment ad today! <br /> ment of Transportation (Caltrans), the California '�'ife i-{ave What Yau Need <br /> TraRSportation Commission, the Department of (800}262-4801 ar visit our website at <br /> Finance, the State Controller's O�fice, and-ttae _ uwruu�c:rncesternc�.com--_ <br /> PAGE 6 • PRIpRITY FOCUS Visit the League's Official Website--www.caci4ies.org <br /> February 2, 2007- Issue#5 <br />
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