Will this be the year when this authority is returned? And with what conditions? Three bills are headed to Gov. Jerry Brown this week that would authorize tax increment for different purposes.
AB 243 (Dickinson):
This bill is in the process of being amended to reflect the most recent round of changes to the Governor’s “Enhanced IFD” proposal that had been floated, but not enacted, as part of the budget. The most recent, revisions will reflect — in part — suggestions made by the League in meetings with Administration officials. Under draft amendments the League reviewed Friday, an authority could be set up administratively, but bonds issued would be subject to a 55 percent vote requirement. The League will provide additional details to members once the amended bill appears in print in the next few days.
AB 2280 (Alejo):
This League-supported bill would reestablish a form of redevelopment authority targeted toward the state’s poorer and deteriorated areas. The tool contains a 25 percent affordable housing requirement, more rigorous community approval and accountability provisions than the prior law, including authority for affected land owners and residents to submit protests and vote on the formation.
SB 614 (Wolk):
This measure is a follow-up to SB 244 (Wolk)
, Statutes of 2011, authorizes a financing mechanism that can be used as part of a city annexation, at the option of the affected agencies and subject to the approval of a local agency formation commission (LAFCO), to provide the necessary upgrades of sewer, water and other systems needed to improve the living conditions within a disadvantaged unincorporated community.
The tools above provide paths forward that can augment local efforts to improve infrastructure and assist poorer and disadvantaged communities. Each responds to different local conditions, needs and circumstances. The League will provide a more comprehensive update on these measures, as well as sample letters to the Governor later this week.