LEGISLATIVE UPDATE M A R C H 2 2 , 2 0 1 7 L E G I S L A T I V - PowerPoint PPT Presentation

C A L E D A N N U A L C O N F E R E N C E LEGISLATIVE UPDATE M A R C H 2 2 , 2 0 1 7

• L E G I S L A T I V E A C T I O N C O M M I T T E E • 2 0 1 6 B I L L S & F O L L O W- U P • 2 0 1 7 - 1 8 P R I O R I T I E S • C B PA : C A L I F O R N I A’ S L E G I S L A T I V E O U T L O O K • Q & A

2 0 1 6 C A L E D B I L L S B I L L S U B J E C T O U T C O M E P O S I T I O N SB 820 Extended California Land Reuse & Revitalization Act (CLRRA). Signed by Governor SPONSOR (Hertzberg) AB 2605 SPONSOR Deleted obsolete State code references related to GO-Biz. Signed by Governor (Nazarian) AB 2492 Community Revitalization & Investment Authorities: added flexibility Signed by Governor Support for area qualifications & additional revenue sources. (Alejo) SB 936 Lowered reserve requirement for California’s Small Business Support Signed by Governor Expansion Fund from 20% to 10%. (Hertzberg) AB 806 (Dodd) Allowed cities & counties to acquire, sell, or lease property for Support Signed by Governor economic development purposes.


 2 0 1 6 F O L L O W- U P C O N F E R E N C E B I L L N E X T S T E P S S E S S I O N S The Tools to Get the Job Done SB 820 CALED Brownfield Committee engaged on potential permanent extension of CLRRA. (Hertzberg) Revitalizing & Developing Infill Areas CALED formed Tax Increment Financing Committee to provide technical assistance on new TIF tools (EIFDs & CRIAs). The Tools to Get the Job Done New CALED Resources: AB 2492 (Alejo) Meeting the Challenge • Primer on California’s New Tax Increment Financing Tools & • CALED’s website (www.caled.org/tif-technical-committee): Global Climate Control Meets Local ED SB 628/AB 2 o TIF Committee roster Beyond the Basics o FAQs & comparison charts o TIF tools booklet AB 806 (Dodd) The Tools to Get the Job Done Conference technical track session features AB 806.

2 0 1 7 - 2 0 1 8 P R I O R I T I E S 1. Refine New Tax Increment Tools Enhanced Infrastructure Financing Districts/Community Revitalization & Investment Authorities 2. Reauthorization of Governor’s Economic Development Initiative California Competes & Manufacturing Tax Credits SBDC Cash Match 3. Other New Tools for Economic Development 4. * Other Topics to Watch : Transportation infrastructure, affordable housing funding, Cap & Trade reauthorization

C A L I F O R N I A’ S L E G I S L A T I V E O U T L O O K M AT T H E W H A R G RO V E S E N I O R V I C E P R E S I D E N T O F G O V E R N M E N T A L A F F A I R S C A L I F O R N I A B U S I N E S S P R O P E R T I E S A S S O C I A T I O N

C A L E D A N N U A L C O N F E R E N C E LEGISLATIVE UPDATE M A R C H 2 2 , 2 0 1 7