As national and state programs fall short of fully addressing
this issue, California’s cities and counties are focusing on
collaboration, cooperation and support at the local level to
State programs aimed at solving climate change can also help
cities tackle many of their other community priorities. The
cap-and-trade program generates substantial revenue that the
state invests to further reduce greenhouse gas emissions and
achieve other community co-benefits.
The new tax-increment tools lack the concentrated financial
impact provided by the former redevelopment tool. Left
unaddressed, this financing gap presents significant challenges
for the future use of these tools.