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<br />. KFBK-AM 1530 <br />. KXJZ-FM90.9 <br />. Sacramento Bee <br />. Roseville Press Tribune <br /> <br />9A <br />Page 16 <br /> <br />Redding, Jan. 14 <br /> <br />A late news conference was held on Thursday in Redding. Almost all elected officials from <br />Redding, Anderson, Shasta Lake and Shasta County were present at the event. <br /> <br />Several local officials spoke at the news conference including: <br />. Redding Mayor Patrick Jones <br />. Shasta Lake Mayor Greg Watkins <br />. Anderson Mayor Norma Comnick <br />. Shasta County Supervisor David Kehoe <br /> <br />Several city administrators and representatives attended from the following organizations: <br />. Greater Redding Chamber of Commerce <br />. Shasta Voices <br />. Shasta County Association of Realtors <br /> <br />The news conference was covered by the local media including: <br />. KRCR Channel 7 (ABC) <br />. KHSL Channel 12 (CBS) <br />. KNVN Channel 24 (NBC) <br />. KCHO 91.7 FM/KFPR 8S.9 FM (NPR) <br />. KQMS 1400 AM <br />. Record Searchlight <br /> <br />'Revenues' Continued from Page 1... <br /> <br />The Department of Finance (OOF) estimated that the assessed value of taxable real property will <br />decrease 2.9 percent from the FY 200S..Q9 to the current FY 2009-10. During FY 2010-11 it is <br />estimated that these figures will further fall by another 2.2 percent. <br /> <br />Sales tax estimates are not much better. The Governor's proposal estimates that final taxable <br />sales figures will decrease by 12.8 percent for the FY 2008-09 over the prior year and a further <br />decrease of 7.5 percent in the FY 2009-10. However, DOF has projected that FY 2010-11 will <br />show a slight turn around and a modest increase of 6.3 percent in statewide taxable sales. <br /> <br />For more information on how these revenue estimates will affect your city, please visit <br />www.CaliforniaCitvFinance.com. <br /> <br />To keep updated on events affecting municipal finance, become a Facebook fan of California City <br />Finance. (htto:/Iwww.facebook.com/oaaes/Davis-CAlCaliforniaCitvFin ancecom- The-Californ ia- <br />Local-Govemment-Finance-Almanac/108618189505) <br /> <br />Governor's Budget Proposes Wholesale Changes to the Bottle Bill <br />League Seeks Comments from City Officials <br /> <br />A major overhaul to the California Beverage Container Recycling Program is included in Gov. <br />Arnold Schwarzenegger's January budget proposal. The proposal includes loan repayments, <br />changes to the program's structure and altering language definition. <br /> <br />CalRecycle (The Department of Conservation) announced in July 2009 that the program's <br />Beverage Container Recycling Fund had a significant deficit and instituted an 85 percent cut to <br />many of the programs paid by the fund. The shortfall in the account was largely due to more than <br />$270 million in loans over the past two years by the Department of Finance to close massive <br /> <br />5 <br />