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  • Archive for October 28th, 2016

    Oct 28

    ELECTIONS AND PROPOSITION RECOMMENDATIONS

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    Tuesday, November 8 is Election Day.  We strongly urge you to get out and vote and consider volunteering some time to help a candidate that you support.

    Many local associations and chapters of the various real estate groups across the state have taken positions on candidates for local and state offices.  We hope you will look towards them if you need recommendations on candidates that understand our industry’s issues.

    And below, please find recommendations from the board on the Ballot Initiatives that will have a major impact on our industry.  You can click here to read all the information about every proposition.

    Oct 28

    PROP 51 – YES/SUPPORT

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    The board adopted a “support” position for the state to issue $9 billion in bonds to fund improvements and construction of school facilities for K-12 schools and community colleges.

    Ballot Summary:  Authorizes $9 billion in general obligation bonds for new construction and modernization of K–12 public school facilities; charter schools and vocational education facilities; and California Community Colleges facilities. Fiscal Impact: State costs of about $17.6 billion to pay off both the principal ($9 billion) and interest ($8.6 billion) on the bonds. Payments of about $500 million per year for 35 years.

    Oct 28

    PROP 52 – YES/SUPPORT

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    The board adopted a “support” position to support the hospitals draw down additional federal monies to draw matching federal funds, which will take pressure off other areas of the state budget.

    Ballot Summary: Extends indefinitely an existing statute that imposes fees on hospitals to fund Medi-Cal health care services, care for uninsured patients, and children’s health coverage. Fiscal Impact: Uncertain fiscal effect, ranging from relatively little impact to annual state General Fund savings of around $1 billion and increased funding for public hospitals in the low hundreds of millions of dollars annually.

    Oct 28

    PROP 53 – NO/OPPOSE

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    The board “opposes” this measure which will require voter approval before the issuance of public infrastructure bonds (“revenue bonds) over $2 billion.

    Ballot Summary: Requires statewide voter approval before any revenue bonds can be issued or sold by the state for certain projects if the bond amount exceeds $2 billion. Fiscal Impact: State and local fiscal effects are unknown and would depend on which projects are affected by the measure and what actions government agencies and voters take in response to the measure’s voting requirement.

    Oct 28

    PROP 54 – YES/SUPPORT

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    The board “supports” this measure which will prohibit the Legislature from passing any bill until it has been in print for 72 hours prior to a vote. Provides legislative “sunshine” and attempts to stop last minute “gut-and-amend” bills.

    Ballot Summary: Prohibits Legislature from passing any bill unless published on Internet for 72 hours before vote. Requires Legislature to record its proceedings and post on Internet. Authorizes use of recordings. Fiscal Impact: One-time costs of $1 million to $2 million and ongoing costs of about $1 million annually to record legislative meetings and make videos of those meetings available on the Internet.

     

    Oct 28

    ENERGY COMMISSION RAMPS UP EFFORTS ON EXISTING BUILDINGS

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    The California Energy Commission conducted a workshop on Monday to take public comment on its updated 2016 Existing Buildings Energy Efficiency Action Plan.  A reoccurring theme during the proceeding was reference to the passage of SB 350 in 2015 and its impact on the plan.  Specifically, SB 350 calls for a doubling of energy efficiency efforts in the existing building stock and its passage prompted the CEC to pull back on the Action Plan and retool it over the last year.

    Once the CEC staff incorporates public comment over the next 3 weeks, it will then prepare the final report for delivery to the Legislature and then begin the related regulatory proceedings.  Among the goals established in the Action Plan are efforts to significantly simplify compliance with the energy efficiency standards and to affect an exponential increase in the number of Zero Net Energy commercial buildings over the next decade.

    Click here to read more about this regulatory plan.