ASSEMBLY BUDGET SUBCOMMITTEE #4 ON STATE ADMINISTRATION
2:00 PM – State Capitol – Room To Be Announced
Informational Hearing – Subject: Enterprise Zones and Redevelopment Overview
Discussion of Administrations Proposal
CDCAN COMMENT: The Governor is proposing elimination of State general funding for enterprise zones and redevelopment agencies. Those proposals are considered revenue generating as it would, under the Governor’s plan, divert those state general funds to other state general fund programs. Like all the Governor’s proposals calling for reductions, if these proposals do not happen, then that reduction will have to come from somewhere else in the budget. Local government entities – including Los Angeles, Sacramento and other communities have indicated they will strongly oppose the Governor’s proposal.
PRIORITY: Important