The Leading Voice of Business in Orange County Tuesday, January 26, 2016
LARGEST CUTS TO TRANSPORTATION FUNDING IN 20 YEARS, MOBILITY AND JOBS AT STAKE
The California Transportation Commission (CTC) approved an estimated $754 million reduction over the next five years in projected funding available for the state's transportation program, marking the largest scale back of the state's transportation program since the creation of the current funding structure nearly 20 years ago. Every county that relies on this funding for projects that improve traffic and air quality will have to cut or delay projects indefinitely. The total impact of defunding projects will likely run into the billions, which will have a very real impact on the economy as every $1 billion in highway and transit investment supports 13,000 jobs, not to mention higher costs associated with project delays. The cutbacks are a result of anticipated additional reductions in a portion of the gasoline excise tax, which is the major source of state funding for the program. Each penny reduction in the gas tax decreases revenue to fund state and local roads by about $140 million per year. The tax has fallen from 18 cents per gallon to 12 cents per gallon in just a few years. The action taken by CTC clearly underscores the urgent need for a solution and OCBC urges the legislature to consider the severity of consequences of underfunding the state's infrastructure as members consider proposals to reform the program and increase transportation revenue. CLICK HERE for a story from the LA Times. For more information, contact Bryan Starr, Senior Vice President, Government Affairs. As Lucy Dunn likes to add #MakeADeal.
SIGN UP WITH ME! A NEW TRANSPORTATION PILOT PROJECT NEEDS YOUR INPUT
Hi! Lucy Dunn here! I've signed up for the California Road Charge Pilot Program and hope you will join me. A very thoughtful citizens group and technical advisors devised a unique system to look at the way we pay for the roads we use.The idea behind it is to find a more equitable SUBSTITUTE for the antiquated gas tax system of funding repairs and traffic improvements. In this pilot project, drivers will keep track of their miles themselves either voluntarily reporting (or using a computer) to see whether a mileage-based system could work. The program needs 5,000 volunteers representing the geographic, demographic and socioeconomic diversity of our state. And we need to know what works, what you like, what you don't like about this TEST project. I hope you'll sign up and share this email with your network. I'm attaching a fact sheet that you can pass along, too. CLICK HERE to read more. For more information, contact Delaine Moore, Communications Director.
OCBC COMMENDS GOV. BROWN ON FISCAL RESPONSIBILITY FOCUS IN STATE OF THE STATE ADDRESS
On January 21, Gov. Brown delivered his State of the State address, focusing on the critical importance of shrinking the state's debt, building a rainy day fund, and paying off the commitments already made before implementing new spending programs. He noted that while historically, California budgets have built around forecasts that assume uninterrupted growth with accelerated spending right into economic downturn - causing deficits to be seven times as large as surpluses between 2000-2016. He noted the importance of addressing widening financial inequality among residents. OCBC commends the governor's priorities to increase funding for public education with the local control funding formula, as well as commitment to addressing the state's staggering $77 billion shortfall in deferred maintenance on crucial infrastructure projects. While Gov. Brown's proposed budget does include a modest transportation plan, more funding is needed to address the shortfall facing California's infrastructure system. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.
ONTARIO INTERNATIONAL AIRPORT CEO NAMED
After a five-month global search for an experienced aviation leader to restore Ontario International Airport (ONT) as a powerful economic engine in the Southern California region, the Ontario International Airport Authority (OIAA) approved the nomination of Kelly Fredericks as its Chief Executive Officer
. He currently serves as the President/CEO of the Rhode Island Airport Corp., operator of the T.F. Green, the commercial airport serving Providence and the New England Region. He has 33 years of aviation related industry experience and was nominated for the position by a two-member ad hoc subcommittee of the OIAA. He will join the OIAA in March 2016 and take the helm of ONT following approval of the airport transfer by the Federal Aviation Administration. An agreement reached between the cities of Ontario and Los Angeles in 2015 provides for the transfer of the airport from LA World Airports to the OIAA. Ontario International Airport is a major goods movement hub for Southern California that serves as a major distribution center for UPS.
For more information, contact Bryan Starr
, Senior Vice President, Government Affairs.
DUNN AND DONE: 16 WISHES FOR 2016
With January in full swing, here's my "wish list" for enhancing Orange County's economy for 2016.
My dream year looks like this:
- Statewide and local reforms return environmental laws like CEQA to their original intent in clearly protecting the environment instead of allowing them to be used as a special interest shakedown litigation tool.
- Newport Banning Ranch project is approved by the California Coastal Commission and begins development for both its environmental benefits and much needed new housing for Orange County.
- State lawmakers, working with Governor Brown, develop a clear plan to encourage homebuilding in California, finally easing the shortage and affordability crises.
- The County of Orange and City of Anaheim complete construction of their first homeless shelter and the County and City of Santa Ana repurpose the old bus depot for a second shelter.
CITY OF SANTA ANA UNANIMOUSLY SUPPORTS BIA/OC HOUSING FUTURES INITIATIVE
The Santa Ana City Council unanimously approved a resolution in support of the BIA/OC Housing Futures Initiative last week, which is aimed at new ideas on how to generate more housing for the economically challenged and reverse the trend of losing Orange County's youth due to high housing costs. The initiative is the product of a collaboration between the Building Industry Association Orange County Chapter (BIA/OC) and OCBC. OC loses 7 percent of individuals between the ages of 25-34 to surrounding counties and it is important to work with local jurisdictions to reverse the trend
and examine existing zoning codes and land use recommendations to incentivize housing affordable to a broader range of people. The city recently moved forward with updating many areas of its zoning code to spur the market and generate more housing. For more information, contact Larry Brose
, Vice President, Investor Relations and Business Development.
DESPITE STORMS, CONSERVATION REMAINS KEY TO MANAGING CA'S PERSISTENT DROUGHT
For June to November, the cumulative statewide reduction continued to meet Gov. Brown's 25 percent mandate, with a reported 26.3 percent reduction - equating to over 1 million acre-feet. This puts the state at more than 80 percent of the way to meeting the 1.2 million acre-feet savings goal by February 2016.
Average statewide water use declined from 87 gallons per person per day in October to 75 in November. Officials urge residents to keep up their efforts to conserve through the winter months - including adhering to the urban water suppliers' instructions to switch to fall watering schedules of once a week, as well as adhering to the ban against watering during and for 48 hours directly after rain. While the Department of Water Resources found the snowpack at 136 percent higher than average for this time of year, officials warn that the drought is far from over and conservation remains California's most reliable drought management tool.
Many of the state's reservoirs remain well below average, despite recent storms. For more information, contact Alicia Berhow
, Vice President, Workforce Development and Advocacy.
OCBC AROUND THE COMMUNITY
"Singing is Praying Twice"
OCBC's Lucy Dunn, Cantor at St. Elizabeth Ann Seton Parish in Irvine, explains why music is so critical not only in expressing her faith, but how it also can elevate the spiritual experience for the congregation. As she quotes, "Singing is praying twice." CLICK HERE
OCBC hosts Inland Empire Economic Partnership Regional Leadership Academy
OCBC's Lucy Dunn, President and CEO, spoke to the visiting IEEP Leadership Academy Friday about her own professional development and gave an overview of OCBC -- discussing advocacy efforts, as well as how investors in OCBC are contributing to the prosperity and economic development of the community. Jocelin Jimenez, Economic Development Specialist, gave an overview of regional economic development strategies; Larry Brose, Vice President of Investor Relations and Business Development, discussed OCBC's housing initiatives and how sustaining an affordable range of housing for the workforce is crucial to the region's economic growth; and Bryan Starr, Senior Vice President, Government Affairs, gave a presentation on the political outlook for 2016. CLICK HERE
to learn more about IEEP. For more info, contact Jocelin Jimenez
, Economic Development Specialist.
OC UNEMPLOYMENT DROPS OUTPACING STATE, NATIONAL AVERAGES
Orange County's unemployment rate marked the lowest in Southern California in December at 4.1 percent, compared to the U.S.'s unchanged rate at 5 percent and the rest of the state at 5.8 percent. The low rate marks a 2.9 percent year-over-year uptick, with OC adding 3,000 jobs throughout the month, mostly as a result of a retail employment spike from the holiday season. For more information, contact Wallace Walrod
, Chief Economic Advisor to OCBC.
Political events are for informational purposes only and are not necessarily endorsed by OCBC
Reception Honoring Congresswoman Loretta Sanchez - Thursday, February 4
Join Jolynn and Pat Mahoney, as well as Bette and Wylie Aitken for a reception honoring Congresswoman Loretta Sanchez from 6 to 8 p.m. Thursday, February 4, 2016 at Lost World in Anaheim. The event is in support of her campaign for the U.S. Senate. CLICK HERE for more information.
Bank of America's Student Leaders Program Accepting Applications - Friday, January 29, 2016
The Bank of America Charitable Foundation's Student Leaders® Program is accepting applications for the 2016 Student Leaders® program. Since its inception in 2005, the Bank of America Student Leaders Program has recognized more than 2,200 exemplary high school juniors and seniors who have a passion for improving their communities. The application period will end Friday, January 29, 2016. For more information, CLICK HERE.
Cox Cares 2016 Scholarship Applications Open - Wednesday, February 3, 2016
Cox is excited to launch its 2016 Cox Scholars program. Each year, The Cox Cares Foundation awards college scholarships to graduating high school seniors looking to pursue their dreams of a college education. This year, they're awarding up to $110,000 in scholarships to students across our Southern California service area. Deadline to apply is February 3, 2016. CLICK HERE for more info.
Nominations Open for Cal State Fullerton 2016 Annual Leadership Awards - present to Friday, February 5, 2015
Nominations are now open for the 2016 Annual Leadership Awards with individual and company honorees recognized in two categories: "Excellence in Executive Leadership," and "Excellence in Leadership Development." CLICK HERE
for more information.
UPCOMING OCBC COMMITTEE MEETINGS: FEBRUARY
Cybersecurity Task Force
Wednesday, January 27 I 8:30 a.m. to 10:00 a.m.
Thursday, February 4, 2016 I 7:30 a.m. to 9:00 a.m.
Advocacy and Government Affairs
Friday, February 5, 2016 I 9:30 a.m. to 11:00 a.m.
Tuesday, February 9, 2016 I 7:30 a.m. to 9:00 a.m.
Latino Educational Attainment
Friday, February 12, 2016 I 9:00 a.m. to 10:30 a.m.
Wednesday, February 17, 2016 I 7:30 a.m. to 9:00 a.m.
Community College Working Group
Wednesday, February 17, 2016 I 9:00 a.m. to 10:00 a.m.
Committee meetings are open to OCBC members and invited guests only. All committee meetings are held at the OCBC offices unless otherwise specified. For more information on upcoming committee meetings for 2015 check out OCBC's Committees. For more information, contact Larry Brose, Vice President, Investor Relations and Business Development.
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