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  • Archive for November 4th, 2016

    Nov 4

    ELECTION DAY

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    Tuesday is Election Day.  Go vote if you have not already.  Below are recommendations our board has for you on the propositions.

    Nov 4

    PROP 51 – YES/SUPPORT

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    The board adopted a “support” position for the state to issue $9 billion in bonds to fund improvement and construction of school facilities for K-12 schools and community colleges.

    Ballot Summary:  Authorizes $9 billion in general obligation bonds for new construction and modernization of K–12 public school facilities; charter schools and vocational education facilities; and California Community Colleges facilities. Fiscal Impact: State costs of about $17.6 billion to pay off both the principal ($9 billion) and interest ($8.6 billion) on the bonds. Payments of about $500 million per year for 35 years.

    Nov 4

    PROP 52 – YES/SUPPORT

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    The board adopted a “support” position to support the hospitals draw down additional federal monies to draw matching federal funds, which will take pressure off other areas of the state budget.

    Ballot Summary: Extends indefinitely an existing statute that imposes fees on hospitals to fund Medi-Cal health care services, care for uninsured patients, and children’s health coverage. Fiscal Impact: Uncertain fiscal effect, ranging from relatively little impact to annual state General Fund savings of around $1 billion and increased funding for public hospitals in the low hundreds of millions of dollars annually.

    Nov 4

    PROP 53 – NO/OPPOSE

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    The board “opposes” this measure which will require voter approval before the issuance of public infrastructure bonds (“revenue bonds) over $2 billion.

    Ballot Summary: Requires statewide voter approval before any revenue bonds can be issued or sold by the state for certain projects if the bond amount exceeds $2 billion. Fiscal Impact: State and local fiscal effects are unknown and would depend on which projects are affected by the measure and what actions government agencies and voters take in response to the measure’s voting requirement.

    Click here to see a “NO on Prop 53” commercial.

    Nov 4

    PROP 54 – YES/SUPPORT

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    The board “supports” this measure which will prohibit the Legislature from passing any bill until it has been in print for 72 hours prior to a vote. Provides legislative “sunshine” and attempts to stop last minute “gut-and-amend” bills.

    Ballot Summary: Prohibits Legislature from passing any bill unless published on Internet for 72 hours before vote. Requires Legislature to record its proceedings and post on Internet. Authorizes use of recordings. Fiscal Impact: One-time costs of $1 million to $2 million and ongoing costs of about $1 million annually to record legislative meetings and make videos of those meetings available on the Internet.

     

     

    Nov 4

    NET ZERO NEWHALL ANNOUNCED!

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    Inspired by California’s legacy of environmental stewardship and bold, innovative thinking, FivePoint has announced “Net Zero Newhall” – a pioneering commitment to make Newhall Ranch the most environmentally sustainable master planned community in California – and potentially the entire United States.

    Net Zero Newhall will incorporate a sweeping array of green innovations, and will also bring thousands of new jobs and new housing to the Santa Clarita Valley — all with no net increase in greenhouse gas emissions. This is a major step forward by a private company to provide leadership in California’s fight against climate change.

    We congratulate FivePoint on this announcement and look forward to following the progress of Newhall Ranch!  For more information, click here.