The latest on California politics and government
September 29, 2012
Gov. Jerry Brown has vetoed a package of bills that could have let local governments retain some redevelopment money for affordable housing and other economic development projects following the dissolution of California’s redevelopment agencies, his office announced this afternoon.
In his veto messages, the Democratic governor said the measures could distract from the winding down – and cost savings – of redevelopment.
Senate Bill 1156, by Senate President Pro Tem Darrell Steinberg, D-Sacramento, would have allowed local agencies to establish a “Sustainable Communities Investment Authority” to finance redevelopment-like projects. Assembly Bill 2144, by Assembly Speaker John A. Pérez, D-Los Angeles, would have expanded the types of local projects that could be financed under existing infrastructure financing districts.
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