Allen Provides A Solution that will Allow Orange County to Balance its Budget while Preserving Critically Needed Funds
Legislation will allow Orange County to receive the same dollar-for-dollar amount of VLFAA property tax revenue as every other county in California
Assemblyman Travis Allen is proud to co-author with Assemblywoman Quirk-Silva Assembly Bill 701 which will resolve the Vehicle License Fee Adjustment Amount (VLFAA) formula discussion between Orange County and the State of California, while preserving critically needed funds. AB 701 passed both houses and will be sent to the Governor’s desk for his signature.
“I am honored to co-author this bi-partisan legislation with my fellow Orange County colleagues and ensure that our county will be able to fund necessary services. With this legislation Orange County will continue to balance their budget and avoid cuts to education, public safety, and other core programs in our local communities,” said Assemblyman Travis Allen.
Orange County has been in discussions with the state over the restoration of $148 million of local property tax and vehicle license fee payments. Without this bill, the County would be forced to consider severe budget reduction strategies that could include laying off employees and making additional funding reductions for important local programs in this fiscal year.
AB 701 ensures both, more time to repay debt to California, and that Orange County will receive the same proportion of funds distributed by the VLFAA as other county governments. Additionally, the state will adjust the baseline for this revenue allocation to $53 million.
“This agreement between the Governor and Orange County has been in the works for too long and could not be allowed to persist for any longer. I am pleased that we could finalize a solution that everyone could support,” said Assemblyman Travis Allen.