CA SB614

Authorizes local agencies to include an "annexation development plan" when proposing changes of organization or reorganization that include disadvantaged, unincorporated communities, allowing formation or reorganization of special districts to finance infrastructure improvements until January 1, 2025.

Permits tax increment financing where taxes levied in the affected territory are divided, with excess revenues above baseline amounts allocated to a special district to finance water, wastewater, stormwater systems, local streets, roads, and sidewalks serving disadvantaged communities.

Requires annexation development plans to demonstrate necessary financial resources, estimated construction timeframes, and governance and long-term maintenance provisions for identified services and infrastructure.

Prohibits annexation development plans from reducing property tax revenues to school entities or including any portion of a redevelopment project area previously created under California's redevelopment law.

Sunsets these provisions on January 1, 2025, with a permanent baseline service plan requirement taking effect on that date.