This week we testified against AB 485 by Assemblymember Jose Medina (D-Riverside) which is a re-introduction of a bill from last year that our industry opposed and was vetoed by Governor Brown.  The bill comes up with a complicated set of reporting requirements that certain industrial projects must provide before a city can offer economic incentives over a certain amount.

Our industry strongly opposes the bill again this year as it unreasonably targets one building type, warehouses, when working together with a local government on economic development subsidies.  Those decisions should be left under the purview of local government authorities.

Current law already requires extensive disclosure of information by all project types getting such subsidies.

Here is the Governor’s veto message of this idea from last year.

© 2007-2012 Building Owners and Managers Association of California (BOMA Cal)