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<br />LEG UPDATE from page 6 . . . . . . . . . . . <br /> <br />S8 1317 (Torlakson). Property Taxes. <br />Energy Facilities. SB 1317 would allocate new <br />property tax revenue related to newly constructed <br />generation, substation facilities and transmission <br />lines by a location-based method. SB 1317 would <br />not change the allocation of property taxes for <br />existing electric generation and transmission line <br />facilities. Staff: Dan Carrigg; Position: Request <br />Signature. Status: SIGNED - Chapter 872, <br />Statutes of 2006 <br /> <br /> <br />Ii <br />~- <br />. <br />., <br />I'.."" <br />I: <br />...:-c,:c'...... <br />I:";,: <br />.'i";; <br />I,cc',:::'. <br />. ,.;.:, <br />. <br />.:',d:''''': <br />1".'::./;;:" <br />.-i:'.....'. <br />. <br />.. <br />.i <br />Ii <br /> <br />7A <br /> <br />PROP. 90 from page 1 ............. page 7 <br /> <br />The report, which ran in the Chronicle's Octo- <br />ber 5 edition, exposes the complicated and shady <br />web of out-of-state organizations bankrolling the <br />campaign in support of Proposition 90. Hardly a <br />grassroots movement, the Chronicle reveals "Yes <br />on 90" is funded by a network of tax-exempt <br />advocacy groups that "operate with varying levels <br />of openness" and all with ties to New York real <br />estate mogul Howie Rich, who "is funneling <br />millions of dol/ars to the (Prop. 90) campaign... in <br />a way that cloaks the identity and number of <br />financial supporters." <br /> <br />For more, visit www.noprop90.com. <br /> <br />Editorials Against Prop. 90 Continue to <br />Mount <br /> <br />The San Jose Mercury News ran an editorial <br />calling Prop. 90 a "serious threat to taxpayers, to <br />consumers, to the environment." <br /> <br />Here is a key quote from that editorial: <br /> <br />"[Prop. 90] would require the state or local <br />government to pay property owners for 'substan- <br />tial economic losses' that result from any new <br />laws and rules... And it places no limit on lawsuits. <br />so that even the most frivolous claims will lead to <br />costly litigation." - San Jose Mereury News (10/2/ <br />06) <br /> <br />The San Francisco Examiner and Wood/and <br />Daily Democrat also followed suit. publishing their <br />own editorials against the measure. <br /> <br />KUnder Prop. 90, taxpayers would bailout a <br />class of injured property owners. A taxpayer <br />Armageddon, anyone?" - San Francisco Exam- <br />iner (1 0/5/06) <br /> <br />"Far from protecting property rights, it will <br />curtail the ability of communities and homeowners <br />to influence development plans - unless taxpayers <br />are prepared to pay millions to builders and land <br />owners whose projects are rejected." - Woodland <br />Daily Democrat (10/5/06) <br /> <br />Continued on Page 8 <br /> <br />Visit the League's Official Website-.www.cacitles.org <br /> <br />PRIORITY FOCUS. PAGE 7 <br />October 6, 2006 . Issue #39 <br />