SB 1429

Bill Subjects

Abstract

Existing law requires revenues derived from a portion of the state sales and use taxes imposed pursuant to Proposition 172, approved by the voters on November 2, 1993, to be allocated among the county and the cities in the county that provide public safety services, as provided, to be expended exclusively for the funding of those services. This bill would state the intent of the Legislature to enact legislation that would limit the amount of revenues derived from the imposition of the tax pursuant to Proposition 172 that are maintained in reserves by counties to 5% of the total allocation of those revenues received in the previous budget year and would make related findings and declarations.