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SB-5 Affordable Housing and Community Development Investment Program.(2019-2020)

Senate:
1st
Cmt
2nd
Cmt
2nd
Cmt
2nd
3rd
2nd
3rd
Pass
Pass
Veto
Assembly:
1st
Cmt
2nd
Cmt
2nd
3rd
Pass
Bill Status
SB-5
Beall (S) , McGuire (S) , Portantino (S)
Roth (S)
Aguiar-Curry (A) , Bradford (S) , Caballero (S) , Carrillo (A) , Gabriel (A) , Gloria (A) , Hueso (S) , Kalra (A) , Mullin (A) , Santiago (A) , Stern (S) , Wicks (A) , Wiener (S)
Affordable Housing and Community Development Investment Program.
01/03/19
An act to add Section 41202.6 to the Education Code, to add Part 4 (commencing with Section 55900) to Division 2 of Title 5 of, and to add Division 6 (commencing with Section 62300) to Title 6 of, the Government Code, and to add Section 97.68.1 to the Revenue and Taxation Code, relating to local government finance.
Senate
09/13/19
09/05/19

Type of Measure
Active Bill - In Floor Process
Majority Vote Required
Non-Appropriation
Fiscal Committee
State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
10/13/19 In Senate. Consideration of Governor's veto pending.
10/13/19 Vetoed by the Governor.
09/18/19 Enrolled and presented to the Governor at 4 p.m.
09/11/19 Assembly amendments concurred in. (Ayes 29. Noes 9. Page 2845.) Ordered to engrossing and enrolling.
09/10/19 In Senate. Concurrence in Assembly amendments pending.
Governor's Veto Message
To the Members of the California State Senate:

I am returning Senate Bill 5 without my signature.
 
This bill would establish the Affordable Housing and Community Development Investment Program through which local agencies may redirect property tax revenue for schools to fund affordable housing and related infrastructure.

California is in a housing crisis, and I have consistently maintained we need to use all the tools in our toolbox to address it. However, this bill would increase costs by $2 billion annually once fully implemented. Legislation with such a significant fiscal impact needs to be part of budget deliberations so that it can be considered in light of other priorities.

I will continue to work collaboratively with the Legislature next year to continue to support increased housing production at all income levels across our state.

Sincerely,




Gavin Newsom