City Manager: State budget deal would take $5- 6 million from San Bernardino
City Manager Charles McNeely reports that the new budget deal recommended by Sacramento's Big 5 would cost $5-6 million to the city and San Bernardino Economic Development Agency Budgets.
California's current budget proposal would take/borrow/raid (do your own spin here) billions from local governments from Calexico to Crescent City and points in between. The state would balance its budget by using $1.7 billion in local property tax and sales tax revenues through the state's Prop. 1A formula, $1 billion municipalities' share of gas tax dollars and $1.7 billion from redevelopment agencies' funds for low-income housing projects.
"According to state lawmakers, funds loans from municipalities must be paid back, with interest, in three years. But local leaders say they need the money now, having endured their own excruciating budget cuts triggered by steep declines in local sales tax receipts, the decline in housing values and escalating foreclosure rates," reads a release from McNeely's office.
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Andrew Edwards. E-mail Andrew here.
McNeeley better hire some more staff to look into this....could require more analysts and support staff ....more business as usual in good ole S.B....
Well, this is why Mr. McNeeley is being paid an attractive salary. He indicated he has the where-to-all and talent / knowledge to handle these difficult situations and we should give him all our support to make the solution as swift in coming and un-impacting as possible. If SB is to survive, it is going to take a team effort lead by a talented leader (Mr. McNeeley). Give him time to get wet and see which way the current flows before we start throwing stones to make a splash.