Los Angeles Area Chamber of Commerce I June 24

Treasurer Fiona Ma visits Los Angeles to discuss affordable housing financing
Policy Manager Olivia Lee participated in the kick-off of Treasurer Fiona Ma's 10-city Building for California's Future housing tour on June 14 at Los Angeles City Hall. The group discussed revisions to the California Debit Limit Allocation Committee and the California Tax Credit Allocation Committee regulations in order to streamline affordable housing. Treasurer Ma and her team presented potential changes to these programs to garner feedback and cultivated a lively dialogue on affordable housing financing needs in L.A. LEARN MORE.

State budget signed with Chamber wins for education
Gov. Gavin Newsom signed his first budget earlier this month, a $214.8 billion spending plan, which included increased health care coverage for Californians, payments towards pension liabilities and an expansion of the earned income tax credit (EITC). Expansion of the EITC program will be paid for through state conformity of business tax deductions to the 2017 federal tax law.
Education victories include full funding for Calbright College, the state's first online college that will help working adults access a higher education in order to advance in today's workforce; a $10 million investment in a state longitudinal data system to better understand students' educational pathways and labor market outcomes; and increased funding to support CSU enrollment growth of 2.7 percent and 75 million to fully fund the CSU Graduation Initiative, which will enable CSU to improve on-time graduation rates.
Sacramento legislative update
As legislation makes its way through the second house, the Chamber has continued to take additional positions on bills:
  • SB 1 (Atkins) - OPPOSE. While meant to protect CA from certain federal environmental rollbacks, this bill would give overly broad and sweeping discretion to state agencies and cause increased exposure to litigation. READ our coalition letter.
  • SB 731 (Kalra) - OPPOSE. This bill will drive up the cost of health care coverage for employers by establishing a new and burdensome rate review process for large-group health care contracts.
  • AB 516 (Chiu) - OPPOSE. Would prohibit the towing of vehicles after numerous violations.
  • ACA 14 (Gonzalez) - OPPOSE. This measure seeks to amend the California Constitution to prohibit the UC from entering into contracts for a broad array of support and clinical services.
  • As part of our continued follow-up on last year's California Consumer Privacy Act, the Chamber and the Privacy Coalition met with Assemblymember Ed Chau, chair of the Assembly Committee on Privacy. We discussed the cleanup bills currently in the legislature, and concerns from small businesses on compliance with the new laws.
SEE what else we are still working on.
Measure W implementation comments
Following the passage last November of Measure W, a property tax to fund stormwater improvements, the Chamber has led a task force to work with the County on implementation of the program and related credit and credit-trading programs. In response to the draft implementation ordinance released last month, the task force submitted a COMMENT LETTER with suggestions. The Board of Supervisors will take up these documents in July/August.
Policy council updates
The June 14 joint Education & Workforce Development and Innovation & Technology Council met with Susan Bonilla, state director at the Council for a Strong America, who discussed the under-preparedness in certain communities for the science and technology jobs of the future and how to improve outcomes. Bonilla sits as a panel member for the California Computer Science Strategic Implementation Plan, where educators are paving a future for computer science innovation in California's education system. "We will not have economic success if we do not have educational success." SEE THE PHOTOS.
Upcoming councils:
  • Government & Fiscal Affairs, Tuesday, July 16, on the economic impacts of trade policy and opportunity zones. RSVP HERE.
  • Transportation & Goods Movement - CANCELLED for July, but keep an eye out for upcoming listening sessions we are facilitating for Metro's Freight Advisory Group
AQMD Refinery Committee discusses MHF ban
This past Saturday, the South Coast Air Quality Management District's (AQMD) Refinery Committee again considered a potential ban of oil refineries' use of Modified Hydrofluoric Acid (MHF), but instead voted 3-to-2 to move forward with an MOU laying out enhanced safety measures. A ban would likely cause two Southern California refineries to cease operations, costing thousands of jobs and causing gas prices to increase by 26 cents per gallon or more, according to the California Energy Commission. SEE our letter urging the committee to move forward with an MOU with the refineries instead of an outright ban.


June 24-25 - Los Angeles Sports Summit conference
June 25 - County of Los Angeles Floodplain Management Steering Committee
June 25 - L.A. City Council Economic Development Committee re: predictive scheduling
June 25 - Clean Air Action Plan Public Advisory Meeting
June 25 - Meeting with Sen. Maria Elena Durazo re: CCPA
June 26 - South Park BID Board meeting
June 26 - CGA Grocers Day at L.A. City Hall
June 26 - SCAG Business Roundtable on Connect SoCal PEIR
June 27 - AB 617 Community Steering Committee
June 28 - Accenture Pancakes & Politics Breakfast Speaker Series with City Attorney Mike Feuer
Mexican Tariffs Are Off for Now but Manufacturers Still Cautious, California Apparel News, 6.13.19; Statewide messages in aftermath of LA parcel tax's defeat, EdSource, 6.11.19; After failed funding campaign, LA Unified chief outlines budget plan, Los Angeles Times, 6.6.19
L.A. Area Chamber | laareachamber@lachamber.com | http://www.lachamber.com
350 S. Bixel St.
Los Angeles, CA 90017