Governor Brown’s 2013 Proposed Budget
Yesterday, Governor Brown released his proposed budget for the 2013 fiscal year. The proposed budget did not call for complete elimination of the California Enterprise Zones (EZs), but it did include cost savings to be achieved through the implementation of the California Department of Housing and Community Development (HCD) regulatory reform package. The regulatory package is scheduled to be released today and the savings is expected to be $10 million in 2012‑13 and $50 million in 2013‑14. Once released, there will be a 45 day public review and comment period during which HCD will hold 4 hearings around the state to take additional comments on the regulatory package.
Zone Regulatory Reform Proposal:
The proposed Budget includes savings relating to new regulations for the Enterprise Zone program. The proposed regulations will accomplish the following reforms:
· Limit retro vouchering by requiring all voucher applications to be made within one year of the date of hire.
· Require third party verification of employee residence within a Targeted Employment Area.
· Streamline the vouchering process for hiring veterans and recipients of public assistance.
· Create stricter zone audit procedures and audit failure procedures.
Equifax Workforce Solutions will continue to participate and remain a significant resource who will champion the EZ program going forward. We will continue to monitor the EZ situation and will work to determine the best strategy to maintain the program.
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