May 11, 2015 Issue #46 Editor's NoteFor a PDF copy of the newsletter please visit the League's website. For more updates from the League, follow us on Twitter and like us on Facebook.Governor’s May Budget Revise Expected on ThursdayCities Should Anticipate Updated Redevelopment Dissolution Proposal, Cap-and-Trade Fund Allocations and Watch for Possible Drought and Transportation ProposalsThis week all eyes in the Capitol will be on Gov. Jerry Brown as he releases his revised budget for FY 2015-16. The announcement is expected to occur on Thursday. This budget will include revisions based on updated revenue projections since January when the Governor released his proposed budget. The general consensus is that the state’s revenues are looking up over January’s projections. Expected to be included in this proposal is an update to the Department of Finance’s (DOF) redevelopment dissolution proposal, as well as additional allocations of Cap-and-Trade funds. Revenue and Taxation, State Budget |
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