This League-sponsored measure contains helpful clean up to facilitate implementation of last year’s AB 2 (Alejo and Garcia)
, which authorized Community Revitalization and Investment Authorities (CRIAs).
Now on Gov. Jerry Brown’s desk, AB 2492 in brief:
- Clarifies the ways to calculate employment and crime data, based on input from the Employment Development Department and Department of Justice;
- Authorizes CRIAs to access several additional forms of financing that are available to Enhanced Infrastructure Financing Districts;
- Allows countywide and citywide income data to be used when designating areas, in addition to statewide income data, in recognition of regional income differences; and
- Allows state designated disadvantaged communities to more easily use the CRIA tool, which aligns economic development efforts with statewide objectives to reinvest in struggling communities and improve their environments.
The League thanks Assembly Members Luis Alejo (D-Salinas) and Eduardo Garcia (D-Coachella) for their continued leadership in helping restore this tool to revitalize disadvantaged areas within local communities. Cities are encouraged to submit signature request letters on this measure. A sample letter is available at www.cacities.org/billsearch
by plugging AB 2492 into the search function.