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8A <br />Page 1 <br />Ran:ps3i, Caet4e+n+ra+y &~+~ J9~ic~s xr; iegislaaare aa~~ PgieeT ~x;~.c aaat li~ieec Csti.'e~,cuar Citie. <br />IN THIS ISSUE: <br />Page 6: Pension Obligation Bond Program Could Save Over $116 Million for Local Governments <br />Page 7; Flnd a Bill, Legislators, Leg Committee, or Ask League Leg Staff <br />May 18, 2007 <br />Issue #19-2007 <br />LEAGUE FOCUSES ON INFRASTRUCTURE AND OTHER STRATEGIC <br />GOALS AT LEGISLATIVE ACTION DAYS <br />The League of Catifomia Cities' Legislative Action Days took place on May 16-17 in Sacramento. <br />More than 450 representatives from Califomia cities attended the two-day event, which featured <br />an update on legislative issues and time for lobbying at the State Capitol. <br />Formore, see Page 2. <br /> <br />GOVERNOR'S MAY BUDGET REVISION CONTINUES TO <br />SUPPORT CITY PROGRAMS <br />On Monday, May 14, Gov. Arnold Schwarzenegger released his proposed May revision to the <br />2007-2008 state budget. The May Revise is positive for cities, with the budget funding a number <br />of critical programs. For more, see Page 4. <br /> <br />ASSEMBLY MAJORITY LEADER ADDRESSES THE LEAGUE OF <br />CALIFORNIA CITIES' AFRICAN AMERICAN CAUCUS <br />Califomia State Assembly Majority Leader Karen Bass visited with the League of California Cities' <br />African American Caucus on May 16, prior to the League's annual Legislative Action Days event. <br />Assembly Member Bass met with fhe caucus to identify how and where loco( elected and <br />appointed officials can assist in efforts to resolve problems the African American community faces <br />statewide. For more, ses Page 6. <br />