|Nov. 17, 2017
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House Passes Tax Reforms that Eliminate State and Local Tax Deductions and Tool to Fund Major Public Projects
Senate Finance Committee Passes its Tax Reform ProposalThe U.S. House of Representatives on Nov. 16 passed HR 1, the “Tax Cuts and Jobs Act” marking another milestone in the Republican effort to enact significant tax reform. The League of California Cities® joined the National League of Cities and other state municipal leagues in calling on Congress to reject this bill, which harms taxpayers, homeowners and the economy. The League also issued a statement on Nov. 9 with the California State Association of Counties, California Association for Local Economic Development, the California School Boards Association and the California Association of REALTORS® urging members of California’s congressional delegation to reject the reforms. California is one of the states that would lose the most under HR 1.
Federal, Revenue and Taxation, Municipal Finance
City Voices Strong at CalPERS Board Meeting on Monday, Calling for Strategies to Address Retirement System Sustainability
CalPERS Board to Take Action at December MeetingMore than 50 city leaders traveled to Sacramento on Nov. 13 to call on the CalPERS Board of Administration to provide cities with more tools and flexibility to address the need for retirement system sustainability. Local agencies comprise approximately 40 percent of all CalPERS members.
Pensions, Pension Reform
signed League-supported SB 231 (Hertzberg), which adds “storm water” to the definition of “sewer” in Proposition 218. Sen. Sen. Hertzberg (D-Van Nuys) authored the bill to simplify financing projects for the collection of rainwater, clean up, and recycling.
Environmental Quality, Water, Legislation
Proposals due Nov. 27The League of California Cities® is currently soliciting session proposals for its 2018 Mayors & Council Members Executive Forum scheduled for June 27–29 at the Monterey Marriott and Monterey Convention Center. League members are interested in sessions that address the challenges that cities face and cutting-edge solutions at the local level.
Action Item, Mayors and Council Members, Meetings and Events
League-Sponsored Bond Agency Issues $38 Million in Tax-Exempt Bonds for Affordable Housing in SacramentoSome of the most significant benefits of League membership for cities since 1988 have flowed from the League’s co-sponsorship of the California Statewide Communities Development Authority (CSCDA).
Financial Solutions for CA Cities
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