Gov. Newsom should veto big-spending Senate Bill 5

A new effort to revive the state’s redevelopment agencies, which were shuttered in 2011 in the midst of a state budget crisis, has passed the Legislature and is on Gov. Gavin Newsom’s desk.
Senate Bill 5 recreates this process in a different form than before, but still poses a grave threat to Californians’ property rights – and to the long-term health of the state budget.
Redevelopment was created in the 1940s to promote urban renewal. But like many government “tool