May 18, 2012
The California Department of Finance (DOF) just issued three new guidance documents to address the growing list of questions that have arisen concerning the implementation of the redevelopment agency dissolution legislation, AB x1 26. The three guidance documents are marked with a red NEW and can be found on the department’s website.
May 18, 2012
Don't miss these articles in the May Issue of Western City magazine.
May 14, 2012
Gov. Jerry Brown released his revised FY 2012-13 Budget today, reflecting an increased deficit of $15.7 billion, up from his January projection of $9.2 billion. The budget shortfall is attributed to overly optimistic revenue forecasts, increased Proposition 98 spending and federal court rulings blocking several budget cuts.
May 14, 2012
As the June 1 deadline looms for the distribution of property tax to fund enforceable obligations, the Department of Finance (DOF) has urged successor agencies to submit or resubmit their Recognized Obligation Payment Schedule (ROPS) as quickly as possible.
May 11, 2012
Don't miss these articles in the May Issue of Western City magazine.
May 1, 2012
The League has released the sixth in a series of question and answer guides to assist cities struggling with issues arising from AB x 1 26, the redevelopment dissolution statute.
April 27, 2012
The California Statewide Communities Development Authority (CSCDA), issued its Community Benefit Report for 2011.
April 27, 2012
The League has released the fourth and fifth in a series of question and answer guides to assist cities struggling with issues arising from ABx1 26, the redevelopment dissolution statute.
April 24, 2012
The League revised its major bills list this week. The following list represents the bills that League staff is following closely.
April 20, 2012
On Thursday, May 10, the League will host a free webinar for members to explore options for promoting economic development in the aftermath of redevelopment elimination.
April 19, 2012
Obtaining necessary changes to the redevelopment dissolution process and working on new economic development tools for local agencies are top priorities for the League.
February 17, 2012
Last week during its meeting, the League's board of directors approved the creation of a new task force charged with recommending to the board new community and economic development tools following the dissolution of redevelopment. In addition to recommending new tools, the task force will also provide guidance to the League's legislative team for broader policy discussions with the Legislature in the future. The task force will hold its first meeting on Wednesday, Feb. 22.
February 8, 2012
Last Thursday, Speaker John Pérez (D-Los Angeles) introduced AB 1585 to clean up certain provisions of the redevelopment dissolution bill AB 1x 26. This bill includes an urgency clause and will require a two-thirds vote.
January 24, 2012
Today another bond rating agency, Fitch Ratings, placed all California tax allocation bonds on Rating Watch Negative. This action underscores the importance of the Legislature enacting SB 659 (Padilla) to extend the deadline for implementation of the redevelopment agency dissolution contained in ABx1 26 from Feb. 1 to April 15, 2012.