Posts Tagged: transit
A powerplant at sunset. (Photo: David Crockett)
OPINION: So, while the program is certainly generating revenue for the state, is it working? Eighteen months in, it appears the answer is yes. Firms affected by the requirements say that they are paying attention to it, that they believe it’s here to stay, and that it’s prompted them to look at ways to reduce emissions. In recent interviews with cement industry stakeholders we learned that companies are factoring the carbon price into their analysis of investment opportunities.
Two years after Gov. Jerry Brown and the Legislature dismantled California’s $5 billion-a-year redevelopment program, Brown wants to bring some elements back — but he’s offering less money, a different name and a change in local voters’ approval. The crux of Brown’s plan is to expand the reach of the rarely-used, little-known Infrastructure Finance Districts. The districts, or IFDs, have taxing authority and are created with voter approval. They function on property tax dollars and focus on highways, transit and sewer projects, libraries, parks and child care centers.
Sacramento, K Street
The measure, SB 743, was offered as a district bill sought by Senate Leader Darrell Steinberg, D-Sacramento, for a local project to make the city attractive to the NBA’s Sacramento Kings. Gov. Brown later signed the measure. But SB 743 actually has statewide implications and the exemptions could affect cities seeking to build projects – sports related or otherwise — in transit priority areas on so-called “infill development” sites.(Photo: Steve, Wikimedia)