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9A Page 2 `Budget'Continued from Page 1... Although the alternative proposaf introduced by Senate Republicans on Saturday does not include barrowing of local funds, it does propose to take an additional$349 million in redevelopment funds—this time from housing set-asides.This proposal aiso includes the Governor's proposed take of$225 tnillion of redeveiopment tax incrernent funds far three years ($675 million tota!). Other aspects of the Republican pfan swap out the Governor's praposed tax increase for deeper cuts to education anc!social services and a borrowing proposaf that would securitize fottery revenues to fund additional one-time revenue for education. City officials are extrernely concerned about proposals which take redevelopment funds to balance the state budget.These funds not only provide jobs and econorrsic stimulus locally, but also annua[ly generate 310,000 good-paying jobs, $32 billion in total ecanomic activity and $1.6 biflion in state and local taxes. According to the Calif�rnia Building Industry Association, each newly buiEt home produces an average of$96,000 in state tax revenues and $3,500 in local tax revenues.A take of$349 million of redevelopment nousing funds this year would translate inYo 5000-7G00 uniis of housing ihat won't be built.Aside from the economic impacts, redevelopment projects are good for the environment, funding infill develapment that gets Caiifornians out of their cars. Buciget Activities This Weeic The 5enate has held daily sessions at 4 p,m. to work on the budget. The Assembfy Budget Committee mek Wednesday, Sept. 3,for a hearing on the Senate Republican proposal. The League testified at fhis hearing, conveying appreciation that the Republican proposal did nat rely on borrowing and expressing opposition to the proposed redevelopment takas. Senate and Assembly leaders and the Gavernor's"the Big Five"also me#Wednesday. Severaf press conferences on the budget were held by both the Governor and legisiators. The Senate Republicans are expected to formally present their proposal far a vote on Friday. What Can City Of�cials Do City oi#icials are urged to continue tafking with legislators and the Governor about the budget. Encourage them to oppose any effort to borrow local govemment or transportation funds and oppose a take of redevelopment funds. Here are a number of resources you can use in your communication with legislators about the proposed redevelopment take: • Talking points on the $675 million take {htfp�//www cacities orq/resource files127180 Budqet Cuts-Talkinq Points 9-2008.doc) . Cafifamia Redevelopment Association's database of cify-by-city hits of a$675 miliion (http�//www calredeveiop orq/AM17emplate cfm7Section=Home&TEMPLATE=/CM/Conte ntDisplaY.cfm&CONTENTID=4613} . Talking points on proposed $349 millian take (http�//www cacities orq/resource files/27'{79 Redevei Talkinq Points9-5-08.pdf) 'SlgnNeto Bills'Continued ftom Page 1... This year,the bill signing process Y�as an added complication wifh the recent statement by the Governor that he will not sign any bills until a hudget has been adopted.Thus, this list of bil(s is longer than in year's past, because typically the deEivery of bills#o the Governor's desk is spread out over the last month or more of the Isgislative session.The Governor has until Sept. 30 to sign or veto legisletion, however, he did make one recent exception to his edict by signing AB 3034 (Galgiani}which contains changes to the High Speed F2ail Bond on the November Ballot. Since a resolution on the budget could occur at any time, cities are encouraged to contact the Governor's office immediately with sign and veto requests. {While there is much to choose 2