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9A Page 3 If this measure is approved, the duration of tax increases passed as part of the February 2009 budget package would be extended by one to two years. These tax measures include the state sales and use tax, the Vehicle License Fee (VLF), the personal income tax rate, and lowering the dependent tax credit. Proposition 1 B. Education Finance. Contingent upon provisions contained within Proposition 1A (spending cap). If both Proposition 1A and this measure are approved, schools and community colleges will receive supplemental education payments totaling $9.3 billion in funding obligations to schools commencing in FY 2011-12. These payments are in lieu of designated maintenance factor payments to schools under Prop. 98 for FY 2007-08 and FY 2008-09. Proposition 1 C. Allows the State to Borrow from State Lottery Profits. One of the major components of the state budget package. Makes major changes to increase lottery ticket sales and allow the state to borrow $5 billion in the 2009-10 fiscal year from future lottery profits. Proposition 10. California Children and Families Act: Use of Funds: Services for Children. Temporarily redirects a significant portion of Proposition 10 after-school program funds to achieve budgetary savings and makes permanent changes to state and \ocal commission operations Proposition 1 E. The Mental Health Services Act: Proposition 63 Amendments. Allows for the temporary redirection of some Prop. 63 funds currently used to support mental health services, to be used instead to offset state costs that would otherwise be bome by the General Fund. Proposition 1 F. State Officer Salary Increases. Amends the constitution to prevent the California Citizens Compensation Commission from approving increases in the annual salary of elected state officials in certain cases when the state General Fund is expected to end the year with a deficit. 'Funding Book' Continued from Page 1... The most recent version is now available on the Federal Economic Stimulus section of the League's Web site Cwww.cacities.ora/federalstimulus). (See also, "Clean Water Fund Deadline Fast Approaching.") , The $787 billion appropriated In ARRA includes nearly $355 billion for upgrades to transportation, infrastructure, construction, health care programs, education and housing assistance, and energy efficiency projects; $144 billion in state and local fiscal relief; and $288 billion in personal and business tax credits. Applications for some of the funding programs have very tight deadlines, so it is important that cities act quickly to register their city to be eligible for the federal dollars. Please note that the first few pages of the book provide important details on how to do this. League staff will continue to update the book weekly as more information becomes available. Clean Water Fund Deadline Fast Approaching The State Water Resources Control Board has set a March 24, 2009 deadline to get projects on the Clean Water State Revolving Fund (CWSRF) priority list to apply for funding. ARRA provides a significant amount of funding for clean water grants and loans through the State's existing CWSRF. Additionally, the California CWSRF is expected to receive approximately $283 million to fund "shovel ready" projects that will create jobs. The purpose of the CWSRF program is to implement the federal Clean Water Act and various state laws by providing financial assistance for the construction of facilities or implementation of measures necessary to address water quality problems and to prevent pollution of the waters of the state. 3