The “frozen base assessed value” for the Alameda Point Improvement Project – the tax-increment financing project area for Alameda Point – is $0.00. That is, zero. What this means is that after conveyance of the land to SunCal, all property taxes generated at Alameda Point will be “tax increment” and go the City’s local redevelopment agency, and none of those property taxes will go to the City’s General Fund, nor to the state nor to the county or the schools.
Continue reading Tax-Increment Financing at Alameda Point will Consume All Property Taxes
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PRESS RELEASE As we wait for a call back from the City of Alameda attorney’s office to confirm or refute rumors of Alameda City Manager Debra Kurita’s departure, and on what terms, let’s review the case for concluding that her contract was terminated by City Council. (But perhaps City Council will go easy on her on the exit, and let her resign “for personal reasons.”) Rumors are flooding into our news desk that City of Alameda City Manager Debra Kurita was fired last night or early this morning. We have a call into the City to confirm. It sounds like it might be for real, given all the closed session City Manager “performance” reviews of late. Don talks with AUSD superintendent of schools Kirsten Vital about the Measure H lawsuits, redevelopment and stimulus money, and the east-west Alameda divide. At a recent Northern Alameda County chapter Sierra Club transportation committee meeting, SunCal hired planning guru told the audience that Toronto, Ontario, Canada is looking seriously at implementing a Personal Rapid Transit (PRT) system. But the facts simply don’t bear this out. From the Alameda Chamber of Commerce:
The Alameda Public Affairs Forum Saturday February 28, 2009 The Wall Street Journal is reporting that the publisher of two Philadelphia major newspapers, and the Journal Register Company, which publishes 20 dailies, including the New haven Register, filed for bankruptcy over the weekend. We’re now taking donations for the Eve Pearlman pom-pom fund. Eve is the City’s biggest booster and cheerleader, as confirmed by her recent article in the Alameda Journal trying to defend the state of the City’s finances. |
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