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Survey Finds Unfriendly California Laws

LOS ANGELES-The 2002 edition of the annual Kosmont Cost of Doing Business Survey finds stability in taxes, fees and other costs levied on business by municipal governments. The real change is at the state level, where development remains uncertain.

By Peter Landau | Updated on February 13, 2002

LOS ANGELES-The 2002 edition of the annual Kosmont Cost of Doing Business Survey finds that despite the still-reverberating effects of September 11 last year there is relative stability in taxes, fees and other costs levied on business by municipal governments.

The real change is at the state level, where California cities are the tail being wagged by the dog. Recent and pending state legislation augers increased costs and fosters uncertainty about the location of new redevelopment projects.

Larry Kosmont, president of Kosmont Companies, says that while the costs of doing business in California have stabilized, new laws passed by the state legislature in 2001, and pending in 2002, undermine plans for local redevelopment by increasing construction costs. And potentially decreasing the availability of public agency financial assistance to projects in the form of sales tax revenue sharing. Unfriendly legislation is making life more difficult for private developers.

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