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HomeMy WebLinkAboutItem 3 PPP 02-10-2020 LaPA Committee - TPA UpdateWWW.TOWNSENDPA.COM SACRAMENTO • WASHINGTON, DC NORTHERN CALIFORNIA • CENTRAL CALIFORNIA • SOUTHERN CALIFORNIA TPA Presentation to: Orange County Sanitation District February 10, 2020 Slide 2 Agenda Legislative Schedule & Looking Ahead Governor’s January Budget Proposed 2020 Resources/Climate Bond Impact Fee Legislation Slide 3 Legislative Schedule & Looking Ahead Slide 4 Legislative Schedule •The Legislature returned January 6, 2020 from Interim Recess •Second year of a two-year session •January 31, 2020 deadline for all two-year bills to pass their house of origin •Accelerated legislative timeline in the second year •New bill introduction deadline is February 21, 2020 Slide 5 Governor’s January Budget Slide 6 Governor’s January Budget •Released Friday, January 10 •$222 billion in proposed expenditures (2.2% increase) –$153 billion General Fund •$5.3 billion surplus expected •Dollar amounts will be updated when the May Revise is released •Next steps Slide 7 Governor’s January Budget (cont) Education •$84 billion in Proposition 98 funding •Increase of $3.8 billion •Emphasis on improved teacher recruitment and retention Housing/Homelessness •$6.8 billion aimed at increasing housing supply •$750 million one-time funding for services related to permanent housing •Revamped RHNA process by 2023 Natural Resources/Climate Change Bond •Proposed $4.75 billion climate resiliency bond •Targeting November 2020 ballot •Will need to be negotiated with the Legislature’s climate bond proposals Top priorities in the Governor’s January Budget include: Slide 8 Proposed 2020 Resources/Climate Bond Slide 9 Proposed Funding Categories Slide 10 Organics Infrastructure Funding •SB 667 (Hueso) -Greenhouse gases: recycling infrastructure and facilities –Five year needs assessment –Develop financial incentive mechanisms to fund organic waste diversion and recycling infrastructure •Senator Hueso still committed to this legislation in 2020 •Focus of Senator Hueso’s to include funding in the Resources/Climate Bond •CASA support Slide 11 Impact Fee Legislation Slide 12 Impact Fee Legislation Update •Assembly Member Grayson (D-Concord) introduced AB 1924 on January 14, 2020 •Requires fees on housing development projects by a local agency be proportionate to square footage •CSDA solicitated input from their members •OCSD submitted feedback –currently assess fees based on number of bedrooms –Could lead to an inaccurate assessment of capacity •Additional amendments expected for AB 1924 Slide 13 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