Issues #28 #29 and #30. IN THIS ISSUE: Page 3: AB 1338 Becomes a Two Year Bill Measure Would Affect Local Coastal Programs California Supreme Court Places Limits on Liability Waivers U.S. Communities Launches Go Green Initiative Page 4: Letters Needed in Support of a Temporary Extension of the Internet Tax Moratorium Page 5: Public Employee Post Employment Benefits Commission Meeting Set for July 27 Page 6: Find a Bill Legislators Leg Committee or Ask League Leg Staff July 20 2007 Issue #28 2007 STATE BUDGET UPDATE: BUDGET MAY BE PASSED THIS WEEKEND Sacramento was abuzz this week with rumors circulating on a number of issues concerning the state budget. Early this morning the Assembly passed the budget which is now headed to the Senate for a hearing later today. League staff will be monitoring budget advances and will issue a more detailed update next week. Stay tuned to the League Web site and next week s Priority Focus for details as they become available. CALPERS ANNOUNCES ANNUAL INTEREST EARNINGS AT 18 PERCENT Delayed Impact on Employer Contribution Rates Expected At a recent meeting of Gov. Arnold Schwarzenegger s Post Employment Benefits Commission Ron Seeling chief actuary for the California Public Employees Retirement System (CalPERS) announced that CalPERS expects to achieve in excess of 18 percent interest earnings on the system s investments for the fiscal year that ended on June 30. For more see Page 2. SB 1020 UPDATE: SOLID WASTE DIVERSION BILL MOVES ON SB 1020 (Padilla) a bill that would require the California Integrated Waste Management Board (CIWMB) to adopt policies programs and incentives to ensure that the state achieves a 60 percent solid waste diversion rate by 2012 and a 75 percent diversion rate by 2020 passed the Assembly Natural Resources Committee last week. The measure was sent to the Assembly Appropriations Committee suspense calendar on Wednesday July 18 and is expected to be heard in late August. For more see Page 2. CalPERS Continued f...
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