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July 28, 2009

California tax-kickback bill gets disappeared

Looks like that stadium-friendly TIF bill in California may not be happening after all:

The governor and legislative leaders originally included it in their compromise budget plan. But the Assembly killed it Friday during the Legislature's marathon session to close California's $26.3 billion deficit.
Some lawmakers who supported the bill weren't sure why it was pulled off the table at the last minute. Some local officials cited billionaire Ed Roski Jr.'s proposed National Football League stadium in Industry as a sticking point for legislators in the eleventh hour.
Critics, including Los Angeles County Supervisor Zev Yaroslavsky, had argued the redevelopment extensions would keep millions from counties and could benefit private interests, such as Roski, owner of Majestic Realty.
"To be honest, we're trying to figure out what happened," said Industry Mayor Dave Perez.

You just can't buy good legislators these days.

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