AgdaPkt 2003-04-07 - Laserfiche WebLink

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BUDGET UPDATE from page .......... ............................... - Three extraordinary session bills containing Budget Year (2003 -04) Cost to local govt's mid -year budget adjustments passed both houses and were sent to the Governor on March 14, 2003. Eliminate the Vehicle These bills, containing an estimated $3.3 billion in License Fee (VLF) backfill $2.9 billion budget cuts, were signed by the Governor this week. As you will see in the chart below, these Eliminate open space bills, which are focused on current year budget subventions (Williamson Act) $39 million adjustments, do not include most of the major mid -year local government cuts proposed. To see Eliminate booking fee the full text of SBx1 15 (Department of Correc- subventions $40 million tions), SBx1 18 (Education finance), and SBx1 19 (State and local government), go to Defer payments of www. eacities.org /legislativesearch. mandate reimbursements $770 million Below is a list of the key items the Administra- Transfer redevelopment tion has proposed that impact cities, and their prop. tax increment to schools $250 million current status. Please keep in mind that even though various current fiscal year options have not Reduce various corrections received support to date, it does not necessarily and law enforcement payments $62 million remove some of them (such as the Redevelop- ment Association Low /Moderate Income Housing Libraries Fund proposal) from resurfacing at a future date. Savings from others, like cutting the VLF backfill Reduce grants to Public and reducing SHA funding for local streets and Library Foundation $15.8 million roads, cannot be realized in the future if the money has already been expended. Eliminate TBR's for libraries — replace w /fee authority $12.1 million Governor's Proposed Cuts (Partial List) Transportation Proposed Mid -Year Cost to local gov'ts• Suspend transfer of sales (2002-03) tax on gas to TIF $1.05 billion ki{{ien Cancel General Fund loan repayment to TCRF $500 million RedUG8 OFaRtS t8 5..9 railliea ' reflects total impact as appropriate to all local government agencies, not just cities. G' What's Next? Revert flood control subventions $58 million Note: Both Houses rejected the struck proposals. Both the Senate and Assembly Budget Com- mittees have begun sub - committee informational hearings on the Administration's budget year (2003 -04) proposals, many of which have been joint hearings with the addition of the correspond- ing policy committee members. In an effort to Continued on Page 6 Visit the League's Official Web Site-- www.cacities.org PRIORITY FOCUS /PAGE 5