By Erica Madison
During a City Council meeting on Oct. 6, 2009, City Manger Ann Marie Gallant’s Staff presented a report on the Budget Taylor bill, which allows the State to borrow money every 10 years.
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In a recent City Advocate Weekly, the League of California Cities is expressing alarm and dismay over Sacramento’s proposal to appropriate $350 million each year for the current and the next two years from redevelopment agency subsidies for developers. Readers may remember that the California Redevelopment Association recently sued the State of California to take [...] Digging further into the article on SunCal and their attempt to sway New Mexico state legislators into a $408 million infrastructure subsidy for their West Mesa project in Albuquerque, we found this website on New Mexico Tax Increment Development Districts with a delightful name. [...] Foreshadowing what’s to come in Alameda, New Mexico residents and legislators are being blitzed with TV ads and showered with cash to urge them to approve a $408 million tax-increment subsidy for SunCal for their West Albuquerque project. In Alameda, SunCal has said that they will seek tax-increment financing to subsidize their estimated $700 million [...] We’ve been reporting that state legislature is working to appropriate local redevelopment agency funds to provide monies for the state’s school system. Now, the California Redevelopment Association – City of Alameda Redevelopment Services Director Leslie Little is a board member – is suing the state to keep the money from going to the schools. [...] At the November 5th Alameda Re-use and Redevelopment Authority (ARRA) meeting, City of Alameda staffer and base re-use manager Debbie Potter made a lengthy introductory speech before SunCal presented to City Council. Hear her set-up City Council for the $700 million in redevelopment bonds that SunCal wants the City to issue to subsidize their build-out [...] See the Chair of Action Alameda talk to Don Roberts, the host of The Don Roberts Show, about Alameda Power & Telecom, Alameda Point, SunCal and redevelopment subsidies. |
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