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<br />8A <br />Page 1 <br /> <br />....[U~y:i11., (l!~~~!\~.#t~' ,~1i~ U1'(1~n~t 1/t. til\)W~I~ ,till.'Ii P'lllkf t',H,l'l'l ~4M M~.,~~ (~!l?~~~~'" ~it!/rt <br /> <br />PRIORITY <br />FOCUS <br /> <br />H.. '-- L f;Mi U I.,: <br />~(= ITi ES <br /> <br />IN THIS ISSUE: <br /> <br />January 9, 2009 <br />Issue #1 M2009 <br /> <br />Page 4: Governor's Budget Proposal: Summary of Items of Interest or Concern to Cities <br />Page 5: California Water Environment Association Offers Training on SSO-WDR <br />New Mayors and Council Members Academy to Take Place this Month <br />City Advocate Weekly Replaces Priority Focus in January <br />Page 6: League Offices Temporarily Relocated <br />Find a Bill, legislators, Leg Committee, or Ask League Leg Staff <br /> <br />PRESIDENT-ELECT OBAMA DISCLOSES <br />DETAILS ON HIS ECONOMIC STIMULUS PLAN <br />California Prepares For Influx of Federal Funding <br /> <br />This week President-Elect Sarack Obama began releasing more details for his plans to jumpstart <br />the nation's economy. The uAmerican Recovery and Reinvestment Plan" is expected to invest in <br />health care, energy, infrastructure, and education, as well as save or create over 3 million jobs. It <br />will focus on responsibility, accountability, and transparency. You can read the details of Obama's <br />plan at http://chanqe.qov/aqenda/economv aoendal. For more, see Page 2. <br /> <br />.................................... <br /> <br />SEN. FEINSTEIN INTRODUCES FISCAL RELIEF <br />BILL FOR LOCAL GOVERNMENTS <br /> <br />Sen. Dianne Feinstein (D-California) has introduced S. 116, a bill to require the Secretary of the <br />Treasury to allocate $10,000,000,000 of Troubled Asset ReHef Program (TARP) funds to local <br />governments that have suffered significant losses due to highly-rated investments in failed <br />financial institutions. For more, see Page 3. <br /> <br />.................................... <br /> <br />STATE BUDGET SOLUTION NOWHERE IN SITE <br /> <br />A solution to the state's $41.6 billion, 18-month budget deficit seemed farther away this week, <br />when Gov. Arnold Schwarzenegger vetoed the entire package of budget-balancing bills passed <br />by the Legislature in December. That package of 12 majority vote-only bills aimed to cut state <br />expenses and raise revenues to achieve about $18.1 billion current fiscal year General Fund <br />savings, split roughly into $9.3 billion in new revenues and $8.7 billion in cuts. For more, see <br />Page 3. <br />