Here;s a typical bill in CA for support building new homes ... I have seen this in SFO as well.
Starts out all great..
Governor Newsom signs into law groundbreaking reforms to build more housing, boost affordability
www.gov.ca.gov
Turns out a VMT Fee can be imposed on every Unit. What is a A Vehicle Miles Traveled (VMT) tax, also known as a mileage-based user fee or road usage charge, is a fee drivers pay based on the number of miles they drive, rather than the amount of gasoline they consume. It is proposed to replace or supplement shrinking gas tax revenues, as electric and fuel-efficient vehicles pay less in traditional fuel taxes
Seems reasonable right ... but then the Democrats in Sacramento tack on a VMT fee on all new housing?
The provision, Section 58 in AB 130, would allow local agencies to impose Vehicle Miles Traveled (VMT) fees that operate like hidden taxes on new housing across the state. The de facto taxes could potentially add $16,000 per unit/year and would likely be passed on to homebuyers and renters. So $1,350 per month for 20 years for every new single-family home or $320000+ over the twenty years.
leginfo.legislature.ca.gov
The other thing you might note about AB130 is how long it is, imagine the lawyers a developer needs to understand and navigate just this bill. That alone is overhead tacked onto every house built.
But this is typical YIMBY in CA, everyone gets their two cents (DEI, Environment etc etc) in the bill and it becomes impossible to build.
This is how you kill building new housing.
so I read just the headline and first thought....well well....the Dishonest Retort
finally gave up the attempt to hide it and went full blown commie muslim.
--it would have certainly not been surprising.
#45 | Posted by shrimptacodan
Trump wrote it himself.
Come out of the bubble!