CCCbudget Update
Greetings-
Over the next two days, both the Senate and Assembly Budget Committees will be getting
their first formal look at the Governor's proposed 2016-17 State Budget. Senate Budget
and Fiscal Review will meet to hear the spending plan at 11:00 a.m. today.
The Assembly Budget Committee will have its overview hearing at 1:30 p.m. tomorrow.
Both hearings are viewable on CalChannel.com.
Also up today is Senator Patricia Bates's bill to change the Proposition 13 "change of ownership" rules for commercial properties.
This is the idea that emerged from negotiations between tax reformers and business
interests, and would use ownership over three tax years instead of one. Some businesses
have used the existing law to spread out shares of the business among several LLCs
over a few years, which avoided reassessment.
Liberals backed out of the compromise in 2014 as their backers wanted a broader move--switching
Prop. 13 to a "split roll" that applied Proposition 13 protections only to residential
property. SB 259 is being heard at this hour in Senate Appropriations.
While the bill wouldn't affect Proposition 98 per se, the change would affect community
colleges by increasing property tax revenues, thus reducing the pressure on the State
General Fund under the Prop. 98 guarantee. This would reduce tension between K-14
education and other programs, including UC/CSU and health and human services.
This Friday is the "house of origin" committee deadline, meaning that bills introduced
last year that are still in the same house and in committee must be sent from committees
(policy or fiscal) to the floor. January 31 is the "house of origin" deadline, so
any bill introduced last year must be sent to the other house by that date.
Hope you had a great long weekend!
Scott