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v�� BUDGET fran page 2.••• •.......... SO..........UVFIAT'S THE BIG DEAL? _ 2003-04 to aties and counties in FY 200607, and Those who attended the May 13 League repayment of previously deferred mandate reimburse- General Assembly were briefed on the elements ments to local govemments commencing in FY 2006- of the two-year budget and constitutional 20G�. (See "So...WhaYs the Big DealY artiGe. City- amendment "agreemenY with the Governor that by-cii; breakdown of revenue losses is avaiiaWe at was approved by the General Assembly the www.c,acities.org/budget.) same day. Here are the `deal points" of the Govemor Schwarsenegger Expresses Personal agreement, for those who could not attend. ` Commitment These elements would be embodied in a consti- tutional amendment: The General Assembly vote came one day Govemor Schwarzenegger spoke of his personal • VLF Repayment. Require repayment in commitment to work for passage of the constitutional 2006-07 of 2003-04 VLF Backfill Loan ($520 protection measure to a roomful of more than 1,000 million back to cities). city officials and other participants at the LOCAL Legislative Action Days Generai Session. • VLF Reduction/New Property Taxes to Cities. Lower the VLF permanently to 0.65% He thanked local govemment officials for their from 2%, and provide property taxes to cities willingness to work with him to help the state get baGc and counties to offset VLF backfill (less $700 on a sound financial footing. Saying he is "proud of million for 2 years—$350 million city and $350 the partnership" he is undertaking with local govem- million county). ment, the govemor assured the audience that he would work as hard to pass a ballot measure provid- No Future Tax Raids. Prohibit the state ing constitutional protection of local revenues as he � worked to pass Propositions 57 & 58 and workers' from taking the property tax, sales tax, and the compensation remaining VLF of local governments. - ,y�. reform. "I pledge �t• �� to you that I will • Mandate Reimbursements. Require . work hard for payment of deferred mandate reimbursements � p C(;;'`:'.� You... I will do all I to local government, beginning in 2006-07. j,?:�:`� �� ` -_ can for you tnis ��-� � fall, to make sure . putomatic Repeal of Mandates. Re- that we pass this quire that failure to pay mandate reimburse- (constitutional ments in timely way will trigger repeal of law ; protection) imposing mandate. measure." "Wewiilwork • Property Tax Backfill. Guarantee together in the payment of the property tax backfill to cities and �� # future, I guaran- counties due to the Prop. 57 "triple flip" (which - p tee it", he added, suspended Y. cent local sales tax). Y J ,~� "and when we work together, we • Sales Tax Returned. Guarantee that 7he governor addresses thousands �" � �� the Bradley-Burns sales tax is restored to the or iocai otficiais 9ainered in sacre- full rate when the Prop. 57 bonds are repaid. mento at �OCAL Legislative Action Days. The No Property-Sales Tax Exchange. governor's � speech was followed by that of State Controller Steve Oppose addition of property-sales tax ex- Westly. Westly congratulated the local officials on ,, , change. having submitted the signatures needed to qualify _ ConUnued on Page 5 Continued on Page 9 Visit the League's Official Web Site--www.cacities.org PRIORITY FOCUS/PAGE 3