Developers seek massive tax break at Transbay Center

By Tim Redmond : 48hillsonlilne – excerpt

SEPTEMBER 9, 2014 — The Board of Supervisors will vote today on an item that seems incredibly dense and bureaucratic, and it took me almost two days to figure out what the controversy is about. But at stake in this deal are hundreds of millions of dollars in public money for transportation projects.

Here’s the language of the item:
Public hearing of persons interested in or objecting to the proposed Resolution of Formation for Special Tax District No. 2014-1, establishing the Transbay Transit CFD and determining other matters in connection therewith; Resolution determining necessity to incur bonded indebtedness for the CFD; and Resolution calling for a special election in the City and County of San Francisco to submit the issues of the special tax, the incurring of bonded indebtedness and the establishment of the appropriations limit to the qualified electors of the CFD.

There are a couple of other related items, but the bottom line is this: The city wants to move forward with a special tax district that will hit the developers of new highrise buildings in the Transbay Center area with an annual levy to cover $1.4 billion in news bonds.

And the developers who would pay the taxes are now balking… (more)

Will the Supervisors turned down hundreds of millions of  dollars from wealthy developers while asking the voters to take on an additional $500 ($850 with interest) million in debt?  The No on A and B crowd should appreciate this.

The downgrading of Muni bonds by the Fed can’t help much either.

Recent News about the Hidden Gas Tax

californiadriversalliance – excerpt

The California Driver’s Alliance is a nonpartisan movement of motorists, small businesses, fuel providers and consumers who are concerned about new government-imposed regulations that could increase the cost of gasoline and impact the quality of life for millions of Californians.


More Study Needed Before Cap-And-Trade Hits Gas Prices: Isadore Hall

August 25, 2014
Long Beach Press-Telegram


Will Legislative Leaders Do Their Job?

August 12, 2014
Pleasanton Weekly


Get Cap-and-Trade Policy Right before Increasing Gas Prices: Freddie Rodriguez

August 19, 2014
Inland Valley Daily Bulletin


Gas Price Rise Could Impact Wallet On Multiple Levels In New Year

August 15, 2014
Auburn Journal

Jim Patterson: Australia Shows How to Stop Hidden Gas Tax

August 27, 2014
The Fresno Bee


Legislators Work to Head off Gas Tax Hike

August 22, 2014
The Santa Clarita Valley Signal


Editorial: Regressive Cap-And-Trade Tax to Hit Motorists

August 22, 2014
The Press-Enterprise


More Study Needed Before Cap-And-Trade Hits Gas Prices: Isadore Hall

August 25, 2014
Long Beach Press-Telegram


Will Legislative Leaders Do Their Job?

August 12, 2014
Pleasanton Weekly


Get Cap-and-Trade Policy Right before Increasing Gas Prices: Freddie Rodriguez

August 19, 2014
Inland Valley Daily Bulletin


Gas Price Rise Could Impact Wallet On Multiple Levels In New Year

August 15, 2014
Auburn Journal


(more)

See What All the Electric Vehicle Buzz Is About

by sierraclub – excerpt

Next week is National Drive Electric Week, (September 15-21, 2014) an annual event designed to showcase the speed, convenience, clean-air benefits, and fuel cost-savings of electric vehicles through ride-and-drives and other great activities. Whether you want to see a Tesla up close and personal or take a ride in a Chevy Volt, you don’t want to miss out on National Drive Electric Week.

More than 120 events are planned in 35 states — find one near you(more)

RELATED:
Electric Auto Association (promoting electric vehicles since 1967)