Friday, November 28, 2014
YOLO COUNTY NEWS
99 CENTS

Wolk resumes effort to help fund local public projects

By
From page A4 | December 05, 2012 |

State Sen. Lois Wolk, D-Davis, has resumed her effort to remove obstacles barring the use of infrastructure financing districts, a flexible financing tool that can be used to pay for public works projects, create high-paying jobs and promote sustainable growth.

“Having served in local government, I know how important public works projects are to our communities. I also know that local governments need the flexibility to determine local priorities,” said Wolk, who chairs the Senate Governance and Finance Committee. “My legislation will give local government officials a flexible, rigorous tool to finance public works projects and promote economic development, while embedding more program and fiscal accountability measures.”

Senate Bill 33 makes it easier for local governments to utilize IFDs. IFDs, like redevelopment agencies, which were dissolved by the California Supreme Court in January 2012, can be used to divert property taxes from a local government’s general fund to pay for public projects such as highways, transit, water and sewer projects, flood control, libraries, parks, child care and solid waste facilities.

Unlike redevelopment agencies, IFDs require the consent of local agencies before diverting their tax increment. Additionally, unlike redevelopment agencies, IFDs do not divert school property taxes or use the power of eminent domain.

“I applaud Senator Wolk’s commitment to removing unnecessary obstacles hindering the use of IFDs, a useful financing tool that can be used to support a wide variety of local infrastructure,” said Daniel Carrigg, legislative director of the League of California Cities. “California’s local governments face many challenges in financing and upgrading infrastructure to meet the needs of our growing population and support a prosperous economy. By enabling the use of IFDs, SB 33 provides a real solution to these challenges.”

Wolk’s legislation removes the statutory requirement for voters to approve the formation of an IFD or to issue debt, just as there was no voter approval required for the formation of redevelopment agencies. The bill also extends the term of IFD bonds from 30 years to 40 years, giving local governments longer to repay their debt and lowering their monthly debt payments.

“I remain committed to making it easier for local governments to utilize IFDs to fund important projects like flood protection and clean drinking water without adversely affecting our schools, core local services or the state general fund,” Wolk said.

Comments

comments

Special to The Enterprise

.

News

Shop-local focus highlights Small Business Saturday

By Bob Schultz | From Page: A1 | Gallery

 
Looking for the gift of life

By Anne Ternus-Bellamy | From Page: A1 | Gallery

The artistic process of a neighborhood legend

By Lily Holmes | From Page: A1 | Gallery

 
Davis MRAP didn’t go far: Woodland

By Dave Ryan | From Page: A1

Holiday shopping in full gear

By The Associated Press | From Page: A2 | Gallery

 
Tell us your Putah Creek stories

By Enterprise staff | From Page: A2

Gorilla death prompts S.F. Zoo changes

By The Associated Press | From Page: A2

 
Bob Dunning: MRAP your arms around this

By Bob Dunning | From Page: A2

Ceremony Tuesday celebrates MU bus terminal

By Dave Jones | From Page: A3 | Gallery

 
Explorit: Water expert will speak Dec. 15

By Lisa Justice | From Page: A3

 
Free bike clinic, ride set Sunday

By Enterprise staff | From Page: A4

Locals come through for families in need

By Lauren Keene | From Page: A4 | Gallery

 
Travel the world at Logos Books

By Enterprise staff | From Page: A4

Dormant-season pruning tips offered

By Enterprise staff | From Page: A4

 
Junior high students set walkathon fundraiser

By Enterprise staff | From Page: A4

Horse owners needed for online survey

By Special to The Enterprise | From Page: A4

 
Sierra Club calendars on sale Saturday

By Enterprise staff | From Page: A4

Enterprise holiday decorating contest is back

By Kimberly Yarris | From Page: A4

 
Flyway Nights talk focuses on sea otters of Elkhorn Slough

By Special to The Enterprise | From Page: A5 | Gallery

Chamber of Commerce lays out 5-year plan

By Special to The Enterprise | From Page: A5

 
Holiday gifts galore available at crafts fair

By Enterprise staff | From Page: A7

Shakespeare folio discovered in France

By New York Times News Service | From Page: A7 | Gallery

 
Students come together for sustainability

By Special to The Enterprise | From Page: A7 | Gallery

Workshop will answer financial aid questions

By Enterprise staff | From Page: A7

 
Wolks share their unique perspective on Davis

By Enterprise staff | From Page: A9

Christmas Bird Count workshop planned Wednesday

By Enterprise staff | From Page: A9

 
Watch, then make, a holiday floral decoration

By Special to The Enterprise | From Page: A9

.

Forum

Behavior straining friendship

By Creators Syndicate | From Page: B5

 
It all started at the bookstore

By Letters to the Editor | From Page: A6

What can we do to help?

By Letters to the Editor | From Page: A6

 
What if we really need it?

By Letters to the Editor | From Page: A6

Tom Meyer cartoon

By Debbie Davis | From Page: A6

 
Tom Elias: Utilities look to soak small users

By Tom Elias | From Page: A6

Cheers and Jeers: Thankfully, no jeers

By Our View | From Page: A6

 
Many thanks for a great benefit

By Letters to the Editor | From Page: A6

.

Sports

Seahawks shut down San Francisco

By The Associated Press | From Page: B1

 
Aggies out-Fox Utah State after dramatic Les shot to forces overtime

By Bruce Gallaudet | From Page: B1 | Gallery

Defense, depth lead Aggie women to home win

By Bruce Gallaudet | From Page: B1 | Gallery

 
 
Youth roundup: 10 titles for the Diamonds Level 3 gymnastics squad

By Enterprise staff | From Page: B4 | Gallery

.

Features

.

Arts

Mumbo Gumbo plays for post-Thanksgiving dance party

By Special to The Enterprise | From Page: A11

 
‘Horrible Bosses 2′: Fire ‘em all!

By Derrick Bang | From Page: A11 | Gallery

 
.

Business

Sonata evolves into more sophisticated car

By Ann M. Job | From Page: C1 | Gallery

 
.

Obituaries

John Walter Neves Jr.

By Special to The Enterprise | From Page: A4

 
.

Comics

Comics: Friday, November 28, 2014 (set 2)

By Creator | From Page: B3

 
Comics: Friday, November 28, 2014 (set 1)

By Creator | From Page: A10