Laserfiche WebLink
MEETING DATE: 7-14-09 <br />Ci <br />I A H <br />ITEM NO.: 59a <br />1 1 <br />July 2, 2009 <br />Issue #25-2009 <br />IN THIS ISSUE: <br />Page 5: American Clean Energy and Security Act Moves to the U.S. Senate <br />Federal Stimulus Funding Workshops Scheduled-Register Now! <br />Page 6: Observations on PERS Rates and Impacts of Pension Obligations on Local Budgets <br />NEW STATE FISCAL YEAR BEGINS WITH BUDGET OUT OF BALANCE <br />CITY FUNDS REMAIN AT RISK <br />July 1 came and went without a resolution to the state budget crisis. Democrats, Republicans, <br />and Gov. Arnold Schwarzenegger now remain staked out in scattered positions. Little clarity <br />exists on how a political and fiscal chasm - appearing at times as wide as the Grand Canyon - <br />can be bridged. City funding remains vulnerable through a variety of pending budget proposals <br />and scenarios. Legislative leaders and Governor continue discussions, while legislators headed <br />home for the holiday weekend. For more, see Page 2. <br /> <br />INVITATION TO LOCAL GOVERNMENT SUMMIT ON GOVERNANCE AND FISCAL <br />REFORM JULY 17-18, SACRAMENTO <br />City officials are invited to attend and participate in a historic summit meeting of city, county and <br />school officials in Sacramento, July 17-18 at the Hyatt Regency to discuss and debate the <br />emerging proposals to reform California's governance and fiscal systems. Formore, see Page 3. <br /> <br />LETTERS NEEDED OPPOSING FEDERAL LEGISLATION LIMITING LOCAL TAXING <br />AUTHORITY OVER MOBILE PHONES <br />California cities, which are already facing historic budget deficits and the potential of additional <br />state raids on local funds, may be surprised to learn some members of Congress are actively <br />pushing legislation that would further limit local revenue authority. Formore, see Page 4. <br />59a-1 <br />