ABSTRACT: Two noteworthy 9 June 2009 Special City Council Agenda Items, namely a Resolution approving the Memorandum of Understanding regarding the Maintenance of Effort requirements related to Proposition 172 funding and a Resolution adopting the Fiscal Years 2009/10 – 2011/12 Triennial Budget, are presented. An ADDENDUM of links to articles related to Proposition 172
from the California Local Government Finance Almanac are provided.
Special City Council Meeting
Tuesday, June 9, 2009 @ 4:30 p.m.
East side of Monte Verde Street between Ocean and Seventh Avenues
Live and archived video streaming available
IV. Orders of Council
A. Consideration of a Resolution approving the Memorandum of Understanding regarding the Maintenance of Effort requirements related to Proposition 172 funding.
B. Consideration of a Resolution adopting the Fiscal Years 2009/10 - 2011/12 Triennial Budget.
Cal Facts: California's Economy and Budget in Perspective - State and Local Finances. Legislative Analyst's Office, December 2006 (PDF)
Proposition 172 Facts. A concise explanation of Proposition 172, the half-cent sales tax for Public Safety adopted by voters as a partial mitigation for ERAF. (PDF)
Net Impact of ERAF, Prop 172 and COPs (73k) ERAF, Proposition 172 and COPs apportionments for all cities, counties and special districts.
ERAF I&II FY 2007-08 - 430,085
Proposition 172 Funds FY 2007-08 + 10,199
COPS(SLESF) FY 2007-08 + 100,000
Net $ ERAF Loss FY 2007-08 - 319,886
Cumulative ERAF Loss - 4,065,222
CumulativeERAF/Pr172/ COPS Loss (+ = gain) - 3,081,135