AB 562 (Williams) requires agencies to maintain, track and publicize data on local economic development expenditures or revenue losses valued at more than $100,000. Rather than focusing on attracting local businesses and jobs, limited staff would need to be shifted away to complete unnecessary reporting and paperwork.
Although represented as a “transparency” measure, the bill’s provisions are cumbersome enough to discourage or disrupt positive local economic development efforts. The local government process is already highly transparent with economic development proposals vetted in public. The state should refrain from such micromanagement.
City officials are encouraged to send veto request letters to the Governor as soon as possible. Copies of the League’s letter and a sample letter
are available online.