AgdaPkt 2003-04-14 - Laserfiche WebLink

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LOCAL from page 3 ................ QUOTES from page 4 .............. solution of spreading debt over the coming years and borrowing against revenue. Press Coverage This Week Editorials, Columns, Opeds, Letters to the Editor Ventura County Star, "Time for state to bite the bullet"— Great editorial; a result of LOCAL's editorial board meeting last week. Oakland Tribune, "State can't count on trickle -down economics" —Says "California's local governments have been the Gear losers in several Sacramento - giveth- and- Sacramento-taketh-away scenarios the past couple of decades." Inland Valley Daily Bulletin, "Little progress on budget, while deficit worsens" — Mentions realignment Pasadena Star News, "Procrastination makes state budget woes more painful" Sacramento Bee Daniel Weintrab Column, "A second look at state's great unmentionable — Proposi- tion 13" Sacramento Bee Dan Walters Column, "A liberal Legislature diverges from the state's moderate politics " — Mentions VLF Orange County Register Oped by Jon Coupal, "And now, the local income tax: The latest bad idea from the big spenders in Sacramento is a doozy" — Also mentions the VLF lawmakers to utter predictions of bankruptcy and others to wonder: What would happen if the nation's most populous state ran out of money? Simply put, financial and government experts say, it won't happen.... No state has ever officially filed for bankruptcy protection, nor is there a provision in bankruptcy law for a state to do so. "State Controller Steve Westly, a Democrat, said 'the state is not going to go bankrupt, and people should stay focused on the real issue, which is how can we most appropriately and most quickly resolve our budget deficit.'" The Napa Valley Register, 3129/03, City of Napa must choose between reserves, layoffs. "Only by spending $11.3 million from various reserve funds will the city be able to balance its books without layoffs and drastic cuts in services over the next two years, City Manager Pat Thomp- son told the City Council on Thursday. Thompson said the city planned to survive hard times by spending down reserves and trimming operations in ways that should not be visible to residents. "'The city's budget survival plan works only if the state, facing a financial crisis of its own, doesn't dip into needed city revenues to balance its books,' Thompson said. "'Also, the economy must continue to improve. If the state slips into recession, the city's financial assumptions won't work.'" News Stories North County Times, "Fire Department coping with budget woes"— Escondido fire chief asks residents to pay attention to state budget. Says "Their money is not making its way back to local government." Sacramento Bee, "Awash in red ink, state will stay afloat" North County Times, "Memo: State budget forums to be stacked" Contra Costa Times, "Setback on state budget irks officials" Oakland Tribune, "Opponents of car tax hike threaten to seek lawsuit " — AP Story ran in several papers. Our Mission Restore and protect local control for cities through education and advocacy to enhance the quality of life for all Californians. Visit the League's Official Web Site-- www.cacities.org PRIORITY FOCUS /PAGE 7