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HomeMy WebLinkAboutItem 3 PPP 12-09-19 LaPA - TPAWWW.TOWNSENDPA.COM SACRAMENTO • WASHINGTON, DC NORTHERN CALIFORNIA • CENTRAL CALIFORNIA • SOUTHERN CALIFORNIA TPA Presentation to: Orange County Sanitation District December 9, 2019 Slide 2 Agenda Legislative Schedule & Looking Ahead FY 2020-2021 State Budget Outlook Impact Fee Legislation Slide 3 Legislative Schedule & Looking Ahead Slide 4 Legislative Schedule & Looking Ahead •Legislature returns for second of the two-year session January 6, 2020 •Governor’s initial January Budget proposal is due January 10 •Accelerated schedule for the second year of the two-year session •New bill introduction deadline is February 21, 2020 Slide 5 FY 2020-2021 State Budget Outlook Slide 6 FY 2020-2021 State Budget Outlook •Higher economic risk in FY 2020 – 2021 compared to previous years •Recommendation to use the reserves cautiously and pay down debts and building reserves •Legislative Analyst Office (LAO) released its 2020-21 Fiscal Outlook Overview report •Initial estimate of $7 billion in General Fund surplus –Amount could be used for discretionary one-time spending or on-going programs Slide 7 Impact Fee Legislation Slide 8 Impact Fee Legislation Update •Assembly Member Grayson (D-Concord): Legislation in 2020 addressing residential and development impact fees •Impacts fees barrier to housing •A series of stakeholder workshops were conducted during the Interim Recess to gather information and perspective •Terner Report (UC Berkeley) released in August made recommendations to the Legislature to improve implementation of impact fees •Local agency goal: protect local control of impact fee assessments Slide 9 Thank You Cori Williams Eric O’Donnell Southern California Senior Director Senior Associate CWilliams@townsendpa.com EODonnell@townsendpa.com www.townsendpa.com www.townsendpa.com