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LA Times: Brown Budget Will Target Enterprise Zones

According to the Los Angeles Times, Enterprise Zones will be a target of incoming Governor Brown’s budget proposal:

The blueprint Brown will unveil when he takes office early next month also is expected to take aim at several tax breaks and subsidies that have been fiercely guarded by the business lobby in Sacramento, according to people involved in budget discussions with the incoming administration.

Among the breaks are multibillion-dollar incentives for redevelopment projects and hundreds of millions of dollars of “enterprise zone” credits meant to encourage investment in blighted neighborhoods. Also targeted is a recent change to state business tax formulas that has saved corporate California roughly $1 billion.

There are no specifics yet on what might be proposed.

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