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/o.A -1 <br />June 6, 2003 <br />Issue #22 -2003 <br />W caGkcwia ciftn <br />ture improvements. For more, see page 8 <br />Page 2 NEW INVESTMENT POOL FOR LOCAL GOVERNMENTS <br />Page 3 LEAGUE TESTIFIES ON STATE FUNDED MANDATES <br />Page 4l LOCAL GOVERNMENT OMNIBUS ACT OF 2003 SET FOR JUNE 18 HEARING <br />LOCAL UPDATE <br />Page 5 THE BUDGET STORY - SOME PRESS QUOTES <br />Page 7 MAJOR UNRESOLVED CONCERNS WITH AB 1221 <br />Page 10 LEGISLATIVE BILL SUMMARIES <br />AB 1221 AUTHORS AGREE TO LEAGUE REQUEST TO HOLD <br />Hot Bills <br />BILL IN ASSEMBLY THIS YEAR <br />Act Now <br />One of the most significant pieces of legislation to be considered this <br />■ ... <br />year is now a two-year bill, thanks largely to the intense lobbying efforts of <br />ACA 7 (Dutra). Trans- <br />League members and staff. For more, see page 6. <br />■ portation Funding. <br />Sales and Use Tax. <br />••••••-- ••••••••• <br />•Position: Support <br />BUDGET PROCESS MOVING ALONG <br />ACA 10 (Harman). <br />Early this week both houses passed differing versions of SB 53 - the <br />. Storm Water Fees. <br />Proposition 218. <br />vehicle being used this year for the budget proposal, moving the discussion <br />Position Support <br />to the budget conference committee. Additional bills containing critical trailer <br />a <br />bill language also moved forward. Appointed conferees include: Assembly <br />Members Oropeza (chair), Campbell and Steinberg; Senators Chesbro (co- <br />■ <br />chair), Ackerman and Alpert. For more, seepage 7. <br />■ <br />. <br />................... <br />BOARD SETS LEAGUE'S STATE BUDGET PRINCIPLES <br />On June 2, 2003 the board of directors of the League of California Cities <br />■ <br />conferred by conference call about the choices facing cities as final state <br />budget decisions are made. Consistent with the resolution adopted at the <br />May 15 meeting of the League General Assembly, it was agreed there was a <br />■ <br />board consensus in support of the following principles. <br />Want more details on <br />Adoption of a Timely State Budget Is In the Interest of the Local <br />these and other bills? <br />Governments of California. State government is facing its worst budget <br />Log on to the League of <br />crisis in modem history. In the absence of an adopted budget, state govem- <br />Ca/ifomia Cities web site <br />ment will not be able to meet its cash flow obligations this summer. Its sl- <br />at www.cackies.org/ <br />ready downgraded bond rating puts future state and local bond issues at <br />legtracking. <br />risk, including funding for critical school, transportation and other infrastruc- <br />ture improvements. For more, see page 8 <br />Page 2 NEW INVESTMENT POOL FOR LOCAL GOVERNMENTS <br />Page 3 LEAGUE TESTIFIES ON STATE FUNDED MANDATES <br />Page 4l LOCAL GOVERNMENT OMNIBUS ACT OF 2003 SET FOR JUNE 18 HEARING <br />LOCAL UPDATE <br />Page 5 THE BUDGET STORY - SOME PRESS QUOTES <br />Page 7 MAJOR UNRESOLVED CONCERNS WITH AB 1221 <br />Page 10 LEGISLATIVE BILL SUMMARIES <br />