ACCE Institute has played a key role in statewide coalitions that have fought to secure billions to refund vital California services—from higher education, to health care, to neighborhood city services, as well as bringing back over $30 million to local communities. Californians continue to suffer from the Great Recession and massive disinvestment that is preventing economic growth, reducing economic opportunity, forcing our most vulnerable populations to endure needless pain, and permanently damaging future prospects for our children.
ACCE Institute has been successful in helping shift the narrative about who is to blame for this crisis. As the driver of ReFund California, a coalition of more than thirty organizations, we have advanced corporate accountability campaigns that call for raising needed revenue, preserving and expanding affordable housing and raise the floor on wages and benefits.
ReFunding Our State
We have been one of several groups leading the coalition to reinvest in essential services and mobilizing Californians to shape the debate about what is needed for a strong California that works for all of us.
Millionaires Tax: Making California's wealthiest pay for their fair share.
- Campaign moved Governor for a Stronger Prop 30 for Californian which led to $7-9 million per year in revenue for schools & services.
Fighting for $5 Billion More in the California Budget: State budget fight to reinvest in education and health and human services
- Contributed to an increase in the 2015 allocations for health & human services
- Shifted the narrative about the role of corporate spending, particularly of Big Oil, in the capitol
- Led charge for state Oil Extraction Tax legislation (not yet passed)
Responsible Banking Ordinances. We developed policies requiring banks to disclose key information—rates of foreclosure, lending to small businesses and participation in predatory lending schemes—giving cities and activists tools to hold banks accountable if they want to do business with our cities.
Ending Predatory Lending to Local Government. Up and down the state we have worked with key partners, including SEIU public sector employees, to end predatory loan deals to cities, school districts, and other government bodies that are allowing the banks to siphon off taxpayer money. We have helped develop local policies that would bring millions in public funds back to cities.
- LA City Council passed legislation calling for renegotiation of a toxic “interest rate swap” deal costing the City $65 million in fees over the next 41 years
- Oakland City Council passed an ordinance calling for an end to one of these bad “interest rate swap” loan deals costing $4 million annually in fees
- We protected money to serve low income transit riders in the Regional Transportation Plan by addressing the Bay Area’s Metropolitan Transit Commission and its transit agency partners’ $73 million in interest rate swaps. We released a report with transit partners about the more than $235 million transit agencies are overpaying each year in interest rate swaps across the country.
Property Tax Accountability. ACCE Institute brought $35 million in new revenue to Los Angeles and San Francisco Counties by holding banks and commercial building owners accountable to pay their fair share in taxes. We forced the proper re-assessment of bank-owned properties and got commercial real estate giant Brookfield Office to pay the proper tax assessment level, winning $10 million per year more for education and critical services in LA County
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