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11-050 THE CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE July 20, 2011 Staff Report REQUEST FOR A QUALI

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The document is a staff report from the California Debt Limit Allocation Committee regarding a request for a $7,000,000 tax-exempt bond allocation for the Oakridge Family Homes project in Los Angeles. The project aims to construct 60 affordable manufactured homes targeted at low-income families, particularly those affected by the Sayre Wildfire Disaster of 2008. It includes various amenities and has income restrictions for residents. The report recommends approval of the bond allocation.

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What is the California debt Primer?

The California Debt Issuance Primer is a comprehensive reference manual on public debt issuance in California. The purpose of the Debt Primer is to provide public agency policy makers and staff with an extensive overview of the debt financing alternatives available to California public agencies.

How big is the California debt?

U.S. state and local government debt in California FY 2000-2024. In the fiscal year of 2024, Californias state debt stood at about 158.05 billion U.S. dollars. Comparatively, the states debt was 57.17 billion U.S. dollars in 2000. The national debt of the United Stated can be found here.

What is the current debt of the state of California?

Reason Foundation finds California has twice the total liabilities of any other state. California had $498 billion in total liabilities at the end of fiscal year 2022.

What is the California Debt Limit Allocation Committee?

Existing law creates the California Debt Limit Allocation Committee (CDLAC) for the purpose of administering the volume limit for the state on private activity bonds through an allocation system.

Is the California debt relief program real?

California debt relief is the act of reducing the amount you owe your creditors so that you can receive the financial relief you need in order to go about your everyday life. Debt settlement is one form of debt relief as are services provided by a nonprofit credit counseling agency.