Aug. 25, 2014
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Since 2011 local agencies have been without a viable tax increment financing tool, the mechanism which enables growth in property tax in an area over an established base year to support investments in infrastructure and economic development. 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.
Economic Development, Infrastructure Financing Districts, Redevelopment, Legislation, Hot Bills
The following list reflects the current standing of several priority bills of interest to the League after this week’s fiscal committee deadline.
Hot Bills, Legislation, Assembly, Senate