Steinberg Responds to Five Point Plan
The Democratic leadership responded to the Five Point Plan with this Letter. Steinberg discusses the Enterprise Zone as follows:
You noted the need to fix redevelopment and enterprise zone programs, but you urge the Legislature to preserve their job generation capacity. We agree. We should point out, however, that both redevelopment and enterprise zone programs are major sources of the state’s fiscal problem (through additional state costs for schools and loss of state tax revenue). Two respected non-partisan institutions, the Legislative Analyst and the Public Policy Institute of California, have raised serious questions about whether redevelopment and enterprise zones actually help with job creation and retention.
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