California Budget Bites reports findings from an overview of the research on whether Redevelopment in California actually delivers on its promises. It should come as no surprise to learn that “Tax-Increment-Financing” (TIF), 1) does not necessarily raise property values, and 2) does not create new economic activity, but only shifts activity from one area to another. In sum, there is “no reliable evidence that redevelopment attracts business…or increases economic activity.” See Governor Brown’s Redevelopment Proposal and other references below
- What does research say about Redevelopment?
- Subsidizing Redevelopment in California
- The Impact of TIF on municipal employment growth
- California LAO analysis of Governor’s Redevelopment Proposal
Bill Gram-Reefer is Editor & Publisher of Halfway To Concord, founded in 2004. Halfway To Concord is the leading online source for community-driven political news, events, and opinion for Contra Costa County and the San Francisco East Bay.
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Senator Mark Desaulnier authored the bill that allows public employees to spike their pensions so they receive more than their salary.
74% of the $850,000 collected by Senator Desaulnier came from Sacramento. Sacramento is NOT in the Senator’s district.
Senator Desaulnier refutes Contra Costa Times M Krupnick that latino enrollment 2010 UC Berkeley fell and out of state jumped
Senator agress that UC Berkeley Chancellor Birgeneau should recruit outside Calif to meet latino/diversity goals.
Remember