This is a huge deal.
Under this new law, a group of government agencies can form their own PDAs and
force the local residents to pay extra taxes for the "improvements"
to their neighborhoods. We must all oppose this outrageous attack
on local neighborhoods by politicians and crony developers.
Stephen Nestel
www.savemarinwood.org


SB
628-Infrastructure Financing Districts
(redevelopment
on steriods)
(sounds
like SB1 under another name)
SB-628
Could Help Fund PDAs
(Tell
Gov Brown to VETO
this bill)
Senate Bill 628 by Sen. Jim
Beall, D-San Jose, surfaced just four days before adjournment.
It would re-establish local government
redevelopment agencies
as "enhanced infrastructure
financing districts" with virtually all their former powers.
But it eliminates many of
redevelopment's safeguards, such as a requirement to
establish "blight," and also lowers the vote for bonds to 55 percent.
Thus, it would re-establish - and even enhance - cities' ability to
engage in crony capitalism with
subsidies for favored developers. Read the full article here
Lawmakers
Approve Legislation Giving Cities More Robust Tools for Building
Infrastructure
By Justin Ewers.
After years of seeking more authority to make much-needed
investments in local infrastructure and economic development projects,
California's local governments were handed a robust new financing tool by
the Legislature last week when lawmakers approved Senator Jim Beall's SB
628, a bill that expands the authority of an existing investment
mechanism known as Infrastructure Financing Districts. Read more here
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State
Senator Jim Beall
(author of SB 628)
SACRAMENTO -- Furnishing local governments with a new way to
pay for improving and expanding their infrastructure, the Legislature today
approved Senator Jim Beall's SB 628. The bill now goes to the Governor for
his consideration.
"This bill will help local jurisdictions finance
transportation projects and transit-oriented development,'' Beall said.
"The cost of maintaining or building much-needed transportation
projects is estimated to be over $500 billion over the next decade for the
entire state". - See more here
CALL,
CALL, CALL
The bill is sitting of
Gov Brown's desk
Citizens
MUST oppose this law
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