May 13, 2016 Issue #38 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 Revised FY 2016-17 Budget Holds Line on General Fund Spending; Includes $2 billion Homeless Housing Revenue BondRequires Non-Discretionary Approval of Affordable Housing to Avoid Perceived Delays Caused by Community Input and CEQA ReviewThis morning Gov. Jerry Brown began his budget press conference by reiterating his warning that California must prepare for the next inevitable downturn. The Revised FY 2016-17 Budget recognizes that California’s tax revenue forecast has been reduced by $1.9 billion since January caused by sluggish income tax and sales tax revenues. Consequently, while minor adjustments were made to the Governor’s January spending proposals, he proposes no new major General Fund spending.Revenue and Taxation, State Budget |
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