• Established in 1972 · CBPA has over four decades of service to the commercial industrial retail real estate industry
  • Archive for November 5th, 2010

    Nov 5

    FLORIDA LAND USE AMENDMENT 4 GOES DOWN

    Posted by CBPA | No Comments

    And in a closely watched Florida vote that our industry had significant worries about it spreading to other states if passed, was handily defeated.  “Amendment 4,” which proposed requiring a taxpayer-funded referendum for all changes to local government comprehensive land-use plans, was defeated by more than a 2 to 1 margin.  Thank you to all of the companies and industry associations that helped make that defeat possible.

    Nov 5

    CONNIE CONWAY NEW ASSEMBLY REPUBLICAN LEADER

    Posted by CBPA | No Comments

    In a unanimous decision, Assemblymember Martin Garrick (R-Carlsbad) has decided to step down as the Assembly Republican Leader, and be replaced by Assemblymember Connie Conway (R-Visalia).  We thank Mr. Garrick for his service and applying his deep understanding of our industry to analyzing and advocating on behalf of legislation.  Ms. Conway has also been a very good friend of the industry and we look forward to helping her move the agenda forward in Sacramento.

    Nov 5

    ELECTION RESULTS SUMMARY

    Posted by CBPA | No Comments

    For full election results, click here to get all the numbers from the Secretary of State.

    California went against the national grain and it was a banner election for California Democrats.  Every major statewide office is now held by Democrats. 

    In an election when ten states across the nation replaced Democratic Governors with Republicans, not only did California do the opposite, but Jerry Brown won by a whopping 13 points. 

    Democrats also made a one seat gain in the State Legislature.  Our state Assembly now has a 52-28 Democratic majority.  The state Senate remains unchanged with a 25-15 Democratic majority.  Both chambers are now just 2 votes away from the “magic” number of having the 2/3 supermajority.

    In the Central Valley, Republican Anthony Cannella was able to hold on to the number one targeted seat beating Democratic Assemblymember Anna Caballero 52% to 47%.  Aside from being the focus of intense spending by both sides, this race is significant because Ms. Caballero staked much of her platform on stopping growth and being anti-development.

    The measure to suspend AB 32 (our Global Warming Act of 2006) lost big time, with 61% of the people opposing it.  Although we did not oppose the measure because it was flawed, this result will strengthen the resolve of the regulatory agencies that are cranking down on greenhouse gas rules; and will embolden environmental advocates even further to come up with more legislative ideas next year, pointing to the defeat of this measure as a mandate from the people.

    And Proposition 25, the measure to change our budget vote requirement from 2/3 to majority, also passed.  The actual impact of this measure is unclear.  We believe there will be a fight over whether this changes the threshold needed to raise taxes as part of the state budget package and ultimately will be resolved in the courts.

    However, we do have three statewide bright spots in this election: 

    Proposition 22 redevelopment fund protection passed.  This will help protect local money from state “raids.”

    Defeat of Proposition 24, a measure sponsored by public employee unions, that would have repealed business tax breaks negotiated in last year’s budget. 

    Proposition 26 passed; this measure does a number of things, but basically clarifies what is a fee and what is a tax (needing 2/3’s vote).  This will provide protection to businesses by clarifying the need for a direct nexus between the fees charged by governmental entities and the activities those monies can be used for.

    We know we didn’t cover everything here, and we are sure there is lots of good news about business friendly candidates winning at the local level.  If you have any questions, comments, or want more context about any of the results, please feel free to contact us.  And again, for full election results, click here to get all the numbers from the Secretary of State.

    Nov 5

    CONGRATULATIONS GOVERNOR BROWN

    Posted by CBPA | No Comments

    On behalf of the commercial, industrial, and retail real estate industry, we would like to congratulate Governor Brown on his decisive victory.  California continues to face many challenges and we hope we can help the Governor address them in a positive manner.  We stand at the ready to assist the new Administration in understanding how the real estate sector can help lead the economic recovery in California.

    Yesterday, Governor-Elect Brown was already under the Capitol Dome, meeting with legislative leaders and finance officials.  He is giving every indication that he wants to tackle fiscal problems in the state as soon as he is sworn in, and we hope he can be successful in getting California back on track, ending years of out of balance budgets.

    CBPA continues to stress that California needs an economic growth strategy and that growing our economy, not cuts or new taxes, is the ultimate solution.

    Congratulations Governor Brown.