City Council
MEETING DATE: 9/27/2017
TITLE:
Title
Update on SB 5
End
FROM:
Charlie McClendon, City Manager
RECOMMENDATION:
Recommendation
This item is presented for information, discussion and direction only.
Body
BACKGROUND:
SB 5 proposes the Drought, Water, Parks, Climate, Coastal Protection, and Outdoor Access for All Act (Act) of 2018, subject to voter approval in the November 2018 election. The bill proposes the issuance of $4 billion in general obligation bonds to implement its provisions.
A similar bill was introduced by Assemblyman Garcia in the Assembly and was ultimately merged in with SB 5. The bond, if approved by the voters will provide funding for parks, conservation areas, forests and watershed improvements.
DISCUSSION:
The office of Assemblyman Eduardo Garcia has agreed to have a staff person attend the study session to provide an update on the status of the bill, discuss major components of the legislation and answer any questions the Council may have.
FISCAL IMPACT:
None to the City, although the bond may provide a source of funding for park improvements in the future.
ATTACHMENTS:
SB 5 Text
League of California Cities position letters