What is Senate Bill (SB) 330?

posted in: 2040 General Plan, Latest News, SB 330 | 0

Effective January 1, 2020, and through its expiration on January 1, 2025  SB 330 (Housing Crisis Act of 2019 – Government Code Section 65941.1) expands or amends Sate legislation, including the Permit Streamlining Act and Housing Accountability Act, with the broad goals of facilitating increased production of new residential units, protecting existing units, and providing for an expedited review and approval process for housing development projects through submittal of a “preliminary application.”

Unfunded Employee Benefit Liabilities as of 6-30-23

In order for the Town to understand the value of future pension benefit payments, actuarial
valuations are performed each year for the pension plans. The CalPERS actuary estimates the
payments that will be made for all potential retirees from each plan in each future year. The
actuary calculates the present value of future benefits the plan will be required to pay to its
current participants: those still working who will retire in the future, retirees, and those who
have terminated employment but have not yet begun drawing benefits.

The 2022 valuation reports provide the determination of the minimum required employer
contributions for fiscal year (FY) 2024/25. In addition, the reports also contain important
information regarding the current financial status of the plans as well as projections and risk
measures to aid in planning for the future

California’s denser housing ‘solutions’ are failing badly

posted in: Housing, Housing Element, Latest News | 0

A Brief Summary of this article made by LGCA: 

California’s denser housing ‘solutions’ are failing badly.
The number of homeless people has increased even as more dense housing has been built.
The number of Californians who are housed but unable to buy homes far exceeds the unhoused populace.
Median home prices have continued to rise.
California needs to find new ways to address its housing shortage and homelessness problem.