Partnership supports key community development bill, financial capability for utilities' disaster liability
Irwindale - The San Gabriel Valley Economic Partnership's Legislative Action Committee voted to support two important bills, one on community redevelopment and the other on the financial capability of utlities' disaster liability as well as opposing a cannabis licensing bill that would have placed strict mandates on local governments.
The Partnership supports SB 5 (Beall), a bill that would allow local governments to collaborate on state-approved redevelopment plans, which would be funded by reduced contributions to the local Education Revenue Augmentations Funds (ERAFs), awarded to state-approved projects. This funding could be used for 1) affordably housing; 2) transit-oriented development; 3) infill development; 4) revitalizing and restoring neighborhoods, and 5) planning for sea-level rise. It is estimated that if passed, SB 5 will make $1-2 billion available for local governments to use for these purposes. SB 5 passed the Senate and is now in the Assembly awaiting assignment to a policy committee.
"The dissolution of redevelopment left cities with virtually no resources to address revitalization and development problems," said Partnership President & CEO Bill Manis. "By restoring some funding and making it available to local governments, these issues of housing and community development can now be better addressed."
The Partnership's Legislative Action Committee also voted to oppose AB 1356 (Ting), a bill that would have placed a mandate on cities that supported recreational cannabis legalization to issue a required number of cannabis business permits. Local permitting delays are widely viewed as one of the main reasons legal cannabis businesses are struggling to establish themselves. AB 1356 did not pass the Assembly and will not move forward this year.
Finally, the Partnership's Committee also voted to support AB 235 (Mayes), which requires the Public Utilities Commission to use a financial "stress test" to determine how much a utility can afford to pay out in liability claims without affecting ratepayers and its own ability to provide power. The bill provides that authority to the Commission for wildfires that occur in 2019 or in coming years.
For more information on these key bills, contact Brad Jensen, Director of Public Policy at the Partnership - (626) 856-3400 or email@example.com