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E3. f4 -15 March 14, 2003 ssue #10 -2003 I VIP d x010110. din at www.cacities.org and mission has adopted an aggressive series of meetings to release an interim click on Legislative report in early May with recommendations to be considered in the reform Advocacy. discussions expected in the Legislature this session. For more, seepage 5. Page 2 THREE CALIFORNIA CITIES WIN NLC CULTURAL DIVERSITY AWARDS CONFERENCE FOR CALIFORNIA DEBT ISSUERS THE BUDGET STORY - SOME PRESS QUOTES Page 3 LOCAL UPDATE Page 4 STATE BUDGET UPDATE Page 8 LEGISLATIVE BILL SUMMARIES STATE CONTROLLER, FINANCE DIRECTOR ISSUE LEGAL OPINION ON VLF RESTORATION Hot Bills ASSEMBLY AND SENATE PASS TAX CUT PACKAGE Act Now Late Monday afternoon, March 10, a legal opinion by lawyers for the State ■ ■ ■ ■ ■ Controller and Finance Director was released in an effort to clarify the ■ There are no Hot circumstances under which existing law would allow the vehicle license fee Bills at this time. (VLF) "trigger" to be pulled. Following release of the opinion, the Assembly passed the budget ■ special session bills containing the current year budget cuts totaling approximately $3.5 billion. SB 19X is the budget bill passed that includes local government cuts. It DOES NOT include cuts for redevelopment agencies, transportation projects or VLF backfill. The Senate concurred in Assembly amendments and passed the bill on Thursday, March 13. For more, see page 5. .................. ■ INGLEWOOD HEARING HIGHLIGHTS IMPACTS OF BUDGET CUTS ON LOCAL SERVICES A key legislative committee last week heard testimony from city officials from more than a dozen southern Los Angeles County cities about the impacts of proposed budget cuts on city and county services. For more, see page 4. STATE COMMISSION SPONSORS BROAD TAX POLICY DISCUSSIONS Want more details on these and other bills? State Treasurer Phil Angelides and Controller Steve Westly shared their Log on to the League of views on revenue restructuring and principles with the California Commission California Cities web site on Tax Policy in the New Economy in Sacramento on March 12. The Com- at www.cacities.org and mission has adopted an aggressive series of meetings to release an interim click on Legislative report in early May with recommendations to be considered in the reform Advocacy. discussions expected in the Legislature this session. For more, seepage 5. Page 2 THREE CALIFORNIA CITIES WIN NLC CULTURAL DIVERSITY AWARDS CONFERENCE FOR CALIFORNIA DEBT ISSUERS THE BUDGET STORY - SOME PRESS QUOTES Page 3 LOCAL UPDATE Page 4 STATE BUDGET UPDATE Page 8 LEGISLATIVE BILL SUMMARIES