Author of Legislation to Expand California’s Film and Television Tax Incentive Reacts to Milken Institute Study Showing Immense Harm to State and Local Economies
In response to a Milken Institute study on the subject of runaway production and the decline of the film and television industry in California, entitled A Hollywood Exit: What California Must Do to Remain Competitive in Entertainment—and Keep Jobs, Assemblymember Raul Bocanegra (D-Pacoima) has issued the following joint statement:
“The Milken Institute study released this morning confirms what every objective-economic analysis of the issue has shown: Runaway production, and the erosion of California’s film and television industry, has caused substantial harm to our families, our communities, and our state and local economies. Since 2004, California has lost more than 16,000 high-paying middle-class jobs in the film and television industry. By enhancing California’s film and television production-incentive program, California will remain competitive in attracting big-budget productions. However, in a market saturated with subsidies, where forty-three states offer entertainment incentives, California must create a thoughtful and distinctive incentive package. Job incentive programs like AB 1839 will help keep productions in California, creating statewide benefits and revenue that will stimulate our economy and preserve the jobs that many Californians and their families depend upon.”
Bill has 59 co-authors, including a majority of the State Assembly
SACRAMENTO – Today, Assemblymembers Mike Gatto (D-Los Angeles) and Raul Bocanegra (D-Pacoima), introduced AB 1839, which would expand and improve the California Film and Television Job Retention and Promotion Act. The bill takes a number of steps to improve and expand the State’s current incentive program. It was co-authored by 59 additional legislators – 50 Assemblymembers and 9 State Senators.
“I remember when our communities lost all the good aerospace jobs,” said Gatto. “Losing major employers really harms local families and our state economy. This effort is a rare example of government appropriately taking steps to stem the loss of jobs out of state.”
System went over budget more than $100 million and is costing ratepayers $59 million a month
SACRAMENTO – Today, Assemblymember Raul Bocanegra (D-Pacoima), asked the State Legislature’s Joint Legislative Audit Committee to audit the flawed development and implementation of the LADWP’s new customer information and billing system.
“The DWP’s new billing system has been a boondoggle from the start,” said Assemblymember Bocanegra. “The project went overtime and over budget, and now that it’s in place it’s screwed up the bills for more than 70,000 ratepayers. In November 2013 alone, the DWP’s bills were off by $59 million. This is the public’s money, we need to have an honest accounting of what went wrong.”
SACRAMENTO – Yesterday, Assembly Bill 191, authored by Assemblymember Raul Bocanegra (D – Pacoima), was signed by Governor Brown. It is expected that nearly 227,000 additional Californians will be eligible for CalFresh benefits because of this legislation being enacted.
“AB 191 aligns Medi-Cal and CalFresh eligibility, which will boost CalFresh participation, bringing additional federal dollars to our state; reducing duplicative applications; and supporting the overall health and well-being of low-income Californians,” said Assemblymember Bocanegra. “While Republicans in Congress are trying to cut food stamps from the neediest in our communities, California is leading the way, by ensuring that tens of thousands of men, women and children that go hungry each day will receive access to the food they need.”
SACRAMENTO - Today the California State Assembly released its proposal for revamping the current water bond to a leaner and more efficient $5 billion proposal. The following is a statement from Assemblymember Raul Bocanegra (D-Pacoima), Chairman of the Assembly Committee on Revenue and Taxation and one of eight assemblymembers appointed by the Speaker to a “Water Bond Working Group”:
“This proposal will help to ensure the state’s long-term supply of water, while protecting and preserving our natural habitat. It’s disappointing that California, the eighth largest economy in the world, still has millions of people who do not have access to clean drinking water.
(Sacramento)-- Today Assembly Bill 780, authored by Assemblymember Raul Bocanegra (D – Pacoima), passed out of the Assembly Jobs, Economic Development and the Economy Committee on a unanimous vote.
“This bill is a small step towards ensuring that California’s small businesses will have access to much needed working capital” said Assemblymember Bocanegra. “AB 780 provides for a small investment of two million dollars into the state’s network of Small Business Financial Development Corporations (FDC’s). The 11 FDC’s, strategically located around the state are the regional vehicles for the State’s Small Business Loan Guarantee Program.”
Committee manages issues relating to taxes, fees and revenue generation
(Sacramento) – Today, Speaker John A. Pérez appointed newly-inaugurated Assemblymember Raul Bocanegra (D-Pacoima), Chair of the Assembly Revenue and Taxation Committee for the 2013-2014 legislative session. Assemblymember Bocanegra is one of only 10 freshman to be named a committee chair.
"I am honored that the Speaker appointed me to chair this very important committee," said Assemblymember Bocanegra. "As chairman, I want to look at the state's entire tax code and how it should be updated to reflect California in the 21st century. Our current tax system was written for a California of a different size and a different era. We need to update the tax code to help to create new jobs and spur economic development.
Assemblymember Bocanegra was elected to the 39th District in November. He previously served as a college professor and a legislative director and urban planner, where he worked on creating new economic development projects in Los Angeles.. Raul spearheaded the creation of the San Fernando Valley Financial Development Corporation and the Pacoima Development Federal Credit Union, which have helped to generate more than $100 million in investment in the San Fernando Valley.
"Many of my colleagues have already put forward various tax proposals. The Committee will be sure to consider these carefully, however, I want to ensure that California's economic recovery – particularly for the middle-class and small business owners – is allowed to continue," said Bocanegra.
Contact: Ben Golombek – (310) 621-6910