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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

Budget

RESPONSE TO REPORT CRITIQUING REDEVELOPMENT

February 11, 2011

On February 9, the Legislative Analyst’s Office (LAO) released a report critical of findings of an independent study commissioned by the California Redevelopment Association, which found that eliminating redevelopment could jeopardize more than 304,000 jobs annually. Unfortunately, the LAO’s critique is based on a fundamental misunderstanding of More »

RDA/ENTERPRISE ZONE ELIMINATION BATTLE RAGES ON

As part of a coalition of more than 60 local governments, elected officials, business groups, and labor groups, environmental leaders, and affordable housing advocates, we have been working hard to stop the proposal to eliminate Redevelopment Agencies in California. This week, hundreds of stakeholders descended on the Capitol to attend three different More »

GOV DROPS STATE BUILDING SALE

The Governor has decided to drop the sale of 11 office properties that the previous administration had pursued in order to raise $1.2 billion in immediate cash for the state budget. “Selling state buildings is the ultimate in kicking the can down the road,” he said. The deal would have had the state sell several office buildings to private More »

RDA HEARING DRAWS HUNDREDS TO THE CAPITOL

February 4, 2011

Yesterday, more than 100 people crowded a State Capitol hearing room to tell members of the Senate Budget and Fiscal Review Subcommittee #4 that local redevelopment should not be eliminated, and in fact, “is the best way to create jobs.” The Redevelopment Association has provided the following synopsis of the hearing: “The hearing agenda covered More »

BILLS TO IMPROVE CURRENT SALES TAX COLLECTION WILL HELP BUDGET

January 21, 2011

Rex Hime, President and CEO of California Business Properties Association, has written an op/ed to discuss several bills that have been introduced in the Legislature that have the potential to raise hundreds of millions of dollars in uncollected sales taxes. “California has an opportunity this year to make a real positive impact on small businesses More »

LAO SAYS BUDGET A “GOOD STARTING POINT” BUT RISKY

January 14, 2011

The State Legislative Analyst Office has released an overview of the Governor’s Budget and generally had praise for the plan. Mac Taylor stated that “We think the Governor’s package is a good starting point for legislative deliberations,” but noted that the budget does rely on some risky assumptions, such as the legislature approving More »

GOVERNOR PROPOSES ELIMINATION OF REDEVELOPMENT

Governor Brown’s budget also proposes to fundamentally change the role that state and local governments play in local development activities. State tax benefits for enterprise zones are eliminated and the current funding mechanism for redevelopment agencies (RDAs) is phased-out. Eliminating RDAs, to save $1.7 billion, is particularly troubling to More »

GOVERNOR’S BUDGET PROPOSES BIG CUTS AND TAXES

Calling it a “Tough budget for tough times,” Governor Jerry Brown released the first spending plan of his third term less than one week after being sworn into office. The Governor’s Budget proposes total spending of $127.4 billion for the 2011-12 fiscal year, $84.6 billion of which is from the State’s General Fund. The spending plan seeks to More »

REDEVELOPMENT AGENCIES ON THE CHOPPING BLOCK?

January 7, 2011

Among the many cuts and eliminations that are being rumored as part of the Governor’s Budget, which will be released early next week, is the elimination of local redevelopment agencies. According to the Sacramento Bee, Brown would “wipe out” hundreds of local redevelopment agencies, which use property taxes to spur projects in blighted areas. More »

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