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May Revision and competing ballot measures loom as county follows Sacramento budget plans
Summary
County legislative advocates told the committee the May Revision will arrive May 14 and flagged outyear deficits, competing revenue proposals including a corporate 'Walmart tax,' and housing bond activity; committee members asked about HAP funding and SB577 status.
Parsbrooks and Espanosa delivered the state update, saying Sacramento is preparing the May Revision (scheduled for May 14) and that projected outyear deficits could be in the $20–30 billion range.
"Even though revenues are doing well, the governor will propose spending cuts to ensure the outyear budget is balanced," the presenters said, noting negotiations between the governor, Assembly and Senate will follow the May Revision.
They summarized the Senate Democratic framework, which includes a corporate tax proposal informally described as a 'Walmart tax' aimed at employers whose workers disproportionately rely on public medical programs. The presenters said the plan also explicitly references county and community needs tied to HR1 implementation, including support for hospitals and county health and human services administrative work.
On housing, they reported two housing bond bills advanced to policy committees and said legislative momentum makes a November housing bond likely, though details remain to be negotiated with the governor. The presenters also flagged several ballot measures that have qualified, including a proposed temporary wealth tax and a Howard Jarvis Taxpayers Association measure (Local Taxpayer Protection Act) that would raise voter-approval thresholds for many local taxes to two-thirds and eliminate certain real estate transfer taxes.
Committee members asked about restoring HAP funding and a circulating "Herzburg" initiative to support middle-income housing and down-payment assistance; presenters said the Senate included proposals to increase certain housing allocations but final outcomes depend on negotiations and the governor's position. On SB577 (statute-of-limitations changes for sexual-abuse survivors), presenters said the bill remains in the Assembly and interchamber negotiation continues; Los Angeles County has prioritized the bill and presenters were hopeful it could move forward.
After discussion the committee voted to receive and file the state update report.
