SAN MATEO COUNTY Supervisor Jackie Speier and state Sen. Josh Becker testified Thursday at the State Capitol in Sacramento, pleading for the state to pay what the county says is more than $150 million in owed revenue.
The county has sued the state over money that is legally owed to the county as part of a 2004 budget agreement known as the Vehicle License Fee Swap, or VLF Swap, in which local governments and counties gave up their vehicle license fee revenues to help the state close its budget deficit. In exchange, cities and counties agreed to receive annual property tax allocations known as the Vehicle License Fee Adjustment Amount, or VLFAA.
Continue reading for free
Sign in to read this story and receive the weekly roundup in your inbox.
Success! Your account was created and you’re signed in.
Please visit My Account to manage your account.
