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Category Archives: Budget Crisis

The Governor’s Budget Proposal on Enterprise Zones

Governor Brown has proposed a new budget for the 2013 fiscal year. The budget proposes some cost savings to be achieved through implementing new regulations via HCD. The following is the text of the budget summary: Enterprise Zone Regulatory Reform The Budget includes savings relating to new regulations for the Enterprise Zone program. The proposed […]

Governor Brown’s Post Election Press Conference (Video)

Here is a video of the Governor’s press conference on Wednesday discussing the results of the election. Governor’s Press Conference 11/7/2012 from Max Shenker on Vimeo. My favorite part is the story of Joseph and the Pharaoh.

Video: Governor Brown on Charlie Rose This Morning

Here is the video of Governor Brown’s interview this morning with Charlie Rose:

The Wall Street Journal is Paying a Lot of Attention to California

The Wall Street Journal’s Bill McGurn today writes a reaction to Governor Brown’s May Revise presentation and contrasts how Governor Brown and New Jersey Governor Chris Christie are approaching similar problems in very different ways. As a companion to that piece, the WSJ online also provides the following video discussion with Opinion Page editor Paul […]

Budget Update: The May Revise

Today Governor Brown released his updated budget proposal referred to as the “May Revise.” In contrast to the January and May 2011 budget proposals, the latest budget does not mention any alteration to the Enterprise Zone program as a source of additional revenue. The Department of Finance summary of the budget can be found online […]

Mayors Advocate For Enterprise Zones

Mayors from around the State have been in Sacramento advocating for the Enterprise Zone Program in the wake of the loss of Redevelopment. The Los Angeles Daily News, for example reports: In Sacramento, Villaraigosa will also explore legislation to spur development in the absence of CRA/LA funds, said [Deputy Mayor Sarah] Sheahan. “We are advocating […]

BREAKING: Budget Released Early – Proposes Enterprise Zone Reform Not Elimination

The Governor moved up the release of his 2012-2013 budget proposal from Jan. 10 to today. Under the heading “Supporting Job Creation,” the budget summary document says: The resulting stability from a balanced budget will give businesses the certainty and the reassurance they need to invest in California. In addition, the Administration will propose legislation […]

CA Supreme Court Rules RDA Elimination Legal

The California Supreme Court has ruled today that the elimination of Redevelopment Agencies by the Legislature was legal. Here is a PDF of the Court’s decision. The decision is a mixed bag in terms of its implications for the Enterprise Zone program. On the one hand, there was $1.7 billion dollars of budget deficit solutions […]

Budget Reaction Roundup 2

From the Hesperia Star: Brown would also shut down enterprise zones across the state, including the one recently declared for much of Hesperia. Businesses can generate millions of dollars of tax credits for operating in an enterprise zone. Hesperia’s enterprise zone covers the location of more than 90 percent of current businesses. “We had a […]

The Illinois Example

The State of Illinois just passed a massive tax increase to deal with its budget deficit. Californians should pay close attention to the reaction. The AP reports: While many states consider boosting their economies with tax cuts, Illinois officials are betting on the opposite tactic: dramatically raising taxes to resolve a budget crisis that threatened […]

Budget Reaction Roundup

The editorial board of the Desert Sun is not happy with the proposal to eliminate Enterprise Zones and also got a reaction from Assembly Jobs Committee Chair V. Manuel Perez: Perhaps the most disturbing idea is Brown’s proposal to eliminate redevelopment agencies and enterprise zones. Assemblyman V. Manuel Pérez, whose 80th District includes the Coachella […]

Lt. Gov. Newsom Hopes Gov. Brown Will Keep Open Mind About Enterprise Zones

From the San Jose Mercury News: He said after his speech that he has concerns about Brown’s proposal to eliminate funding for enterprise zones and local redevelopment agencies, which he credited for helping to build up Mission Bay and Treasure Island in San Francisco. He said enterprise zones helped the city lure Virgin America airline. […]

Mayor Villaraigosa: “Any scenario that would completely eliminate the Redevelopment Zones and State Enterprise Zones is a non-starter”

As reported in the Los Angeles Times: Los Angeles is “prepared to shoulder its fair share of the responsibility” for balancing the budget, said Mayor Antonio Villaraigosa. But, “any scenario that would completely eliminate the redevelopment zones and state enterprise zones is a non-starter.”

Governor Brown’s Proposal

The following is the full text of Governor Brown’s proposal for the Enterprise Zone in the upcoming budget. It is important to keep in mind that final budgets never look the same as January proposals, and that these proposals will need to pass the legislature as bills that will go through the rigorous legislative process: […]

Local Reactions to Budget Rumors

Even though there are no specific details on any budget proposals, and we have seen many false alarms in the past, local officials are starting to react to hints reported in the media. This article in the Appeal-Democrat discusses the reactions of officials in Yubba and Sutter Counties: A possible 2011-12 state budget item to […]

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