Legislation
CA CRE Alert: Significant Legislative Bills That Could Impact Your Business
BOMA Cal is actively engaging in advocacy efforts in Sacramento, focusing on pivotal bills that could influence the commercial real estate sector. Read more about the priority bills here.
Read MoreTPA Gets Supreme Court Hearing Date
The California Supreme Court has now set a hearing date of May 8th for oral arguments for and against the measure’s removal from the ballot.
It would be unprecedented for the court to remove TPA from the ballot, and we hope the court dismisses the request for its removal from the ballot. The state is arguing that the changes this ballot measure brings are too significant for just the voters to decide on.
Read MoreMeasure ULA Challenged in Federal Appeals Court
Newcastle Courtyards has just requested that the US Court of Appeals for the Ninth Circuit review and reverse the federal judge’s decision to dismiss this case. The reality is the ULA has been a tax impacting more than just “mansions” and is not meeting the promise sold to voters.
Read MoreLA City Council Evaluate Changes in Police Oversight
The LA City Council is considering a charter amendment that will change how police discipline and oversight are applied. These changes could possibly improve community trust and department morale, which in turn could lead to a safer LA that can benefit businesses. However, any effort at reform must avoid worsening the morale issue currently impacting the department.
Read MoreProp. 1 Holds Narrow Margin Between Passage and Defeat
Recent ballot updates show the governor’s ballot initiative is too close to call.
Proposition 1 has only a margin of a few thousand votes between passage and defeat.
Read MoreMeasure HLA Poised to Pass
Measure HLA is poised to pass after achieving a margin that is unlikely to change with the remaining ballots.
It requires the city complete planned improvements from its Mobility Plan 2035 each time it makes other street upgrades.
A late opposition campaign from the firefighters union was not enough to prevent this measure’s passage.
Read MoreCRE Goes on Offense in Sacramento
Our new lobbyist in the state capitol is wasting no time getting started! He has put forward two time-saving (and money-saving) bills.
One is to limit how long a city can take to plan-check before an applicant can hire an external professional.
The other would limit legal proceedings meant to delay evictions.
Support the Small Business Energy Loan Enhancement Act
Our advocates in Washington, D.C., are pushing a high-priority proposal to open funding for energy efficiency projects.
H.R. 1491, the Small Business Energy Loan Enhancement Act, would expand financing for small businesses from $5.5 million to $10 million for efficiency projects.
Anticipated State Budget Deficit Worsens
A new Legislative Analyst Office (LAO) report shows tax revenue falling well below projections. The agency projects a new California budget deficit of $78 billion.
The deficit will likely cause the state to dive into reserve funds and cut spending at a level not seen since the Great Recession.
California Lawmaker Proposes Bill That Would Legalize Drinking on Public Streets
A bill proposed in the State Senate would allow for the consumption of alcohol in certain public streets and areas.
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