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Council accepts 2023 economic subsidy report over dissent, criticism over affordable housing
Summary
The council voted 5–1 to accept the city's 2023 AB 562 economic development subsidy report showing roughly $13.2 million in subsidies; public commenters and at least one council member said the subsidies produced little affordable housing or net tax revenue.
The Stockton City Council on June 4 accepted its 2023 economic development subsidy report required under AB 562, after public commenters and one council member criticized the city’s subsidy choices and urged stronger affordable‑housing outcomes.
Stephanie Ocasio, Director of Community Development, told council the city provided approximately $13.2 million in economic subsidies during 2023 across several programs (including fee waivers and sales tax…
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