
Arena Politics Continue in Sacramento County
All the talk in Sacramento over the past couple of weeks has centered around a new arena deal. The negotiations have centered around a 1/4-cent sales tax increase to fund the $500 million new entertainment facility that would be home to the Sacramento Kings/Monarchs. It is likely to be financed with 80% public money and 20% private dollars (Sacramento Kings ownership).
Negotiators from the county and the NBA have a deadline of this week to come up with a deal that will allow the Board of Supervisors to put the measure on the November ballot.
The rumor is that they will split the measure into 2 questions. Part 1, would be the question to raise the sales tax and Part 2 would be how to spend it. By splitting the question, they will avoid the 2/3rds vote requirement and the measures will need only a simple majority. The strategy has some risk, opponents will likely take the measures to court if they pass, charging that splitting the vote was a end run around California law that requires tax increases that are "earmarked" be approved with a 2/3rd vote.
In order… Read More