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| July 7, 2016 Issue #55 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.DOF Releases List of 2016-17 Suspended MandatesThe Department of Finance (DOF) on June 28 issued its list of state mandates suspended in the 2016 Budget Act for FY 2016-17. This list remains unchanged from FY 2015-16.State Budget, Municipal Finance, Revenue and Taxation League-Sponsored Bill to Strengthen Community Revitalization and Investment Tool to Facilitate Economic Development Heads to the Senate Floor for ApprovalAB 2492 Clean-up to Last Year’s AB 2League-sponsored AB 2492 (Alejo and E. Garcia), to strengthen aspects of the community revitalization and investment tool to facilitate economic development has been approved by the Assembly and relevant Senate committees. The bill awaits final approval in the Senate, followed by a concurrence vote in the Assembly, before going to Gov. Jerry Brown.Economic Development, Infrastructure Finance Districts, Legislation Final Payment for Triple-Flip Unwind Scheduled for July 7The California Department of Finance (DOF) completed the calculations of final payments to cities and counties under the sales and use tax triple flip. The state will allocate funds to counties on July 7. The State Controller will transfer the scheduled amounts to counties for deposit in the county Sales and Use Tax Compensation Fund. Counties then have 60 days to allocate DOF stipulated amounts to the county and each city in the county per a provided schedule.Municipal Finance, Revenue and Taxation Tour the New Long Beach Civic Center Project during Annual ConferenceThe League of California Cities® and the city of Long Beach are offering a walking tour of the new Long Beach Civic Center project before the annual conference commences on Oct. 5. This opportunity to learn about a unique public-private partnership has been added to the great line-up of sessions and networking opportunities being offered this year.Meetings and Events Mayors and Council Members Department Now Taking Applications to Serve on Executive CommitteeApply by Monday, Aug. 8The Mayors and Council Members Department of the League of California Cities® is now seeking applicants for the department Executive Committee and for state League director.Mayors and Council Members |
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