Local governments across California will have to disclose a number of details about warehouse projects when they give developers tax breaks of $100,000 or more, under a new law that will take effect Jan. 1.
The mandate is the focus of legislation by Assemblyman Jose Medina, D-Riverside, who has said residents deserve to know precisely what benefits their communities will receive from such projects and how many tax dollars their cities or counties will forfeit.
Gov. Gavin Newsom signed Medina’s Assembly Bill 485 last weekend.
“This is a huge win for California and the Inland Empire,” Medina said in a statement. “If cities are going to spend millions in taxpayer dollars to bring warehouses to our communities, the public should, at the very least, have adequate and up-to-date information about the deals that are struck.”