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THE CITY OF ATTACHMENT 4 nial pL EASANTON® 2019 Monitored Legislation Assembly Bill/ Summary Guiding Principle CASA Compact Senate Bill annual tax increment, as defined. Existing property tax law also reduces the amount of ad valorem property tax revenue that would otherwise be annually allocated to the county, cities, and special districts pursuant to these general allocation requirements by requiring, for purposes of determining property tax revenue allocations in each county for the 1992-93 and 1993-94 fiscal years, that the amount of property tax revenue deemed allocated in the prior fiscal year to the county, cities, and special districts be reduced in accordance with certain formulas. Existing property tax law requires that the revenues not allocated to the county, cities, and special districts as a result of these reductions be transferred to the Educational Revenue Augmentation Fund in that county for allocation to school districts, community college districts, and the county office of education. This bill, for the 2020-21 fiscal year and each fiscal year thereafter, would require the county auditor of a county in which a successor agency, as defined, is located to decrease the amount of ad valorem property tax revenue that is otherwise required to be allocated to the county Educational Revenue Augmentation Fund by the countywide local-state sustainable investment amount and to allocate a commensurate amount to the successor agencies that are located within the county. The bill would require the successor agencies to use these funds for specified purposes, including to increase the availability of affordable housing. SB 18 (Skinner) Creates database of State and local Housing Element#3 landlord and tenant laws, programs Emergency Rent and resources Assistance and 28