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Category: Money

  • The billionaire venture-capitalist backed Super PAC supporting Eric Jones cites faulty time travelers

    Mailer funded by the Super PAC “New Leadership Now.”

    Or maybe they just lie?

    The latest mailer funded by the “New Leadership Now” Super PAC boldly declares: “In 2019, House Democrats voted on impeachment. Mike Thompson voted No.” One big problem: Thompson in fact voted YES in 2019 — check, e.g., Wikipedia.

    So, what’s their evidence? Next to the above blatantly false claim — I want to say “blatant lie” — there is a footnote citation. Take a look at the footnote in tiny print and you will see two citations from… wait for it… 2017!! So, apparently, those news sources were time travelers who knew that Mike Thompson would vote “no” in 2019, except they were apparently very bad time travelers (or maybe they were very bad crystal ball readers??) because he voted “yes”.

    You will probably need to click to read these, but the first date 12/6/17 and the second is also 12/6/17

    Sorry to be sarcastic here, but this is really bad. Bad bad bad. And if Jones doesn’t denounce this blatantly false claim (i.e., lie) in his name, that’s on him.

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  • Proposals for city budget fall far short of what is needed to address severe funding gap

    [The following email from Dan Carson was shared with the Davisite for posting]

    Dear City Council and Fiscal Commissioners:

    Attached please find a city staff report authored by the City Manager and the Finance Department — dated May 19, 2026 and titled “Fiscal Year 2026/27 Mid-Cycle Budget Update” — that was recently provided to you for public hearings this week. Given the brief timeline available for public consideration of this report by the Council and the Commission, I am sharing these comments with you in the interests of ensuring that you obtain critical information needed to assess the proposed actions and their potential effect on our city’s fiscal stability and integrity.  

    Click to access 06-FY26-27-Mid-Cycle-Budget-Update.pdf

    As you know, I served as a fiscal advisor to the California Legislature for 17 years, concluding my state career as Deputy Legislative Analyst of the nonpartisan and independent Legislative Analyst’s Office before serving for nine years on the City of Davis Finance and Budget Commission and then the City Council.  

    In summary, my analyses indicates that the first steps to address the city’s budget shortfalls being proposed by city management are reasonable but will fall far short of what is needed to address a severe funding gap caused primarily by dramatic and excessive increases in employee pay and benefits approved by the Council in a series of recent multi-year labor contracts. The budget package also does not provide the level of funding needed to fix our roads and bike paths and other infrastructure and discloses that it “defers” more capital improvement projects it does not identify. I recommend the Commission and the Council take a series of actions described below to address these issues.

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  • Pro and con arguments concerning Village Farms in the Wary One

    By Roberta Millstein

    This isn’t an article so much as it is a pointer to two other articles in The Wary One. As most Davisites know, Bob Dunning left the Davis Enterprise (and his Wary Eye column) for Substack and his reborn newsletter The Wary Eye in 2024 — Bob tells the story here.

    As a special feature, Bob solicited two new essays on Village Farms, free and open to everyone, no subscription needed. I was the person he asked to write a “no” essay, even though (as I made clear in my essay) I am not working on the “no” campaign. I focused on the question of affordable housing and whether the project is well-designed for our climate crisis. The “yes” essay was written by Sandy Whitcombe, one of the developers of Village Farms.

    I very much appreciate the opportunity to guest write for The Wary One and also appreciate his willingness to try to engage the community in discussion. (In honor of Bob, the previous sentence does not end with an exclamation point).

    You can find the two essays here: https://www.thewaryone.com/p/today-we-present-two-essays-on-measure/comment/258381824

  • Two issues about Willowgrove Project need to be addressed

    [The following email by Dan Carson and Elaine Roberts Musser was sent to the Davis City Council today and is posted to the Davisite at the request of the authors]

    Dear City Councilmembers,

    As you move toward final action on Tuesday on the Willowgrove project, which could provide new housing our community needs, we urge you to address two significant issues (both referenced in your new city staff report) that we strongly believe will undermine its chances of winning voter approval this November.  

    Fourth City Fire Station

    Last month, at a Planning Commission hearing on the Willowgrove project, a city planning staff member suggested the city has decided to build a fourth city fire station. For weeks city staff has since declined to answer specific questions posed to them about the city’s intentions. We believe this is an important matter for you to consider, given the findings of a city consultant in a 2018 study, that our community does not need an expensive fourth fire station the city cannot afford. 

    Additionally your new city staff report contains a strong hint city staff are still pursuing a four-fire station plan. Notably, it cites a fiscal analysis by BAE Urban Economics that analyzes the projected net operating costs to the city from just such a new fourth city fire station. Staff selectively cites a version of the BAE fiscal analysis that assumes the 15 year fiscal impact of such a  project “would be slightly negative at $190,422”. This is based on the assumption that other city residents gained from future new development projects would shoulder most of the costs of the operation of a fourth new fire station. 

    Why is this matter relevant to your consideration of Willowgrove?

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  • Super PAC has now poured over 1.1 million dollars into ads supporting Eric Jones

    The latest venture-capital funded mailer is downright Orwellian

    By Roberta Millstein

    Mailer received 27 April 2026. Annotated by the author.

    Eric Jones’s campaign to unseat Mike Thompson in Congressional District 4 has repeatedly promised not to take money from special interests and PACs.  As I have already documented in detail (see earlier articles here and here), that promise is essentially meaningless.  A former partner of the Dragoneer Investment Group, Jones has received large individual donations and repeated campaign advertising funded by massive donations to the New Leadership Now Super PAC from his fellow venture capitalists, including a huge donation from the family of Dragoneer’s founder, Marc Stad.

    Expenditures for ads in support of Eric Jones’s campaign (mailers, TV, internet, etc.) from New Leadership Now currently exceed 1.1 million dollars, as this screenshot from the FEC website shows [UPDATE: over $1.33 million as of May 9, 2026]:

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  • Eric Jones’s close ties to a Super PAC

    Jones criticizes Mike Thompson for taking PAC money, but is he being hypocritical?

    By Roberta Millstein

    Flyer in support of Eric Jones’s run for Congress, paid for by the New Leadership Now Super PAC

    Among the small deluge of flyers Davisites have received promoting Eric Jones’s candidacy for Congressional District 4, some may have noticed that one was different from the others: It indicated that it was paid for by a group called “New Leadership Now.”  Who is New Leadership Now, and what sort of connection does it have to Eric Jones, if any?  This article aims to shed a bit of light on these questions.  It is a follow-up to my earlier article discussing the direct campaign contributions from Jones’s former venture capitalist co-workers and other individuals from the high tech industry.

    New Leadership Now is registered with the Federal Election Commission (FEC) as a Super PAC.  What is a Super PAC?  Wikipedia has a helpful definition:

    Independent expenditure-only political action committees, commonly known as super PACs, are a type of political action committees (PACs) in the United States. Unlike traditional PACs, super PACs are legally allowed to fundraise unlimited amounts of money from individuals or organizations for the purpose of campaign advertising; however, they are not permitted to either coordinate with or contribute directly to candidate campaigns or political parties. However, in practice, restrictions on such coordination are considered flimsy and poorly enforced.[1]

    The unlimited expenditures coupled with not really knowing if the committees are actually coordinating with candidates make Super PACs controversial.  Eric Jones has touted his campaign as “Powered by People, Not Special Interests: Not a Dime from Corporate PACs”[2]  What I will describe below casts some serious doubt on that slogan, however.

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  • What does “No on Measure V” really stand for?

    By Matt Williams

    For Davisite readers, the following is a response to an Alan Pryor post that made the following accusation, “Grass Roots” is not an accurate description of the opposition to Village Farms. How do you spell “NIMBY”? It is not spelled “Grass-roots”! (see https://nextdoor.com/p/9nSwSrmBTckW/c/1585068648?utm_source=share&utm_campaign=1776984857876&share_action_id=a32ff6cd-07c2-4764-a989-a686060c125a)
     
    Alan, is there a reason you are deploying the “If you can’t address the message, attack the messenger” tactic?  There are very few NIMBYs in No on Measure V.   That is very clear in the unifying principles of No on Measure V, which were just yesterday presented to DTA, the DJUSD teachers union, and are anything but NIMBY, specifically:

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  • Who is Eric Jones, the candidate seeking to unseat Mike Thompson in Congress?

    And who is funding his campaign?

    Four mailers and a canvasser handout…. so far.

    By Roberta Millstein

    With the increasingly regular appearance of glossy mailers from Eric Jones’s campaign seeking to replace Mike Thompson as the representative for Congressional District 4 (which includes Davis), I thought it might be helpful if I shared what I have learned about Jones’s background.  I haven’t seen anything inaccurate per se in those mailers or in his ballot statement,[1] but what is there seems quite partial and thus misleading with respect to both his background and who is funding his campaign.

    To be clear, I am not a reporter and have never pretended to be.  What follows is all widely available information (I will footnote all of my sources) and I don’t think Jones is trying to hide any of it.  But he’s not really mentioning it either, and I think it might be relevant for at least some voters.

    Let’s start with Jones’s background because that sets the stage for his donations.  Jones graduated with an economics degree from Yale University and worked at JP Morgan in 2012.[2]  Shortly thereafter, he left JP Morgan for Dragoneer Investment Group; his LinkedIn page says that he was a “Dragoneer Investment Group Partner, Healthcare and Internet” for 12 yrs 7 mos, 2013 – Jul 2025.  Not long after that, in September 2025, he declared his candidacy.  His LinkedIn page also says that he is a Founder of the American Dream Institute, 2024 – present and a Principal of The Rachel and Eric Jones Foundation, 2021-present.  The year 2021 is also the year he (partially) relocated from San Francisco to Napa, making him eligible to run in what is now (since Prop 50) District 4.[3]  Jones has never held public office and still has a home in San Francisco’s Pacific Heights.[4]

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  • Fall Ballot Measure Would Open the Door to 3 Percent Down Payments to Buy New Davis Housing

    By Dan Carson

    A $25 billion statewide bond measure headed for the November 2026 ballot could pave the way for middle income Davis families to purchase new homes in Village Farms Davis with only a 3 percent down payment via an innovative new statewide program that would create no cost burdens for City of Davis or California taxpayers.

    Backers of the measure have already submitted 920,000 signatures to send the California Middle Class Homeownership and Family Home Construction Act to the voters, well in excess of the 546,652 signatures needed to qualify it for a November 3, 2026 vote. About 2,300 registered voters in Yolo County signed petitions to send the measure to the voters.

    “We are excited about this promising new ballot initiative,” said Sandy Whitcombe of the Yes on V campaign. “If it passes, this program could be the key for the many young families who can afford monthly payments for a modest home but haven’t been able to save up tens of thousands of dollars for a 20 percent down payment —  a goal post that keeps moving further away from them as home prices increase. Village Farms Davis was designed with a diverse mix of new housing options for the missing middle, and it appears most of the homes would qualify for this downpayment assistance.” 

    The full text of the measure can be found via the link below. It would authorize the issuance of new state revenue bonds that would be sold to spur the development of additional housing within the financial reach of middle income families.

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  • No on Measure V campaign at April 4th Farmers Market

    (From press release) The No on Measure V campaign will be at the Farmers Market tomorrow, Sat. April 4th, with literature and lawns signs and  volunteers to meet with Davis residents wanting more information. The campaign now  has a website, NoOnMeasureV.org posted with information about many reasons to vote NO on Village Farms on June 2nd.

    Village Farms is a proposal for a 1,800-housing unit project on 498 acres, at Covell Blvd. and Pole Line Rd. It is the largest project ever proposed in Davis, with the worst impacts and it would  impose costs on Davis residents.

    The project housing would be unaffordable particularly to local workers and families with young children. The vast majority of the project would be housing priced at $740,000 – $1.34 MILLION  per the BAE fiscal report which means a monthly housing payment of at least $6,000 to cover the mortgage, property taxes, insurance, CFD, and other fees.  Families with young kids cannot afford this so the project will not bring hundreds of kids as the School District believes, and therefore it will not help the schools as claimed.

    The developer is not responsible for building the affordable housing , except possibly 100 apartments in the last phase of the project 10+ years into the development.

    Concerns also include toxics, including carcinogenic PFAS’ “forever chemicals” leaking from the adjacent Old Davis Landfill/Burn Dump and Sewage Treatment Plant into the project site. Vapor intrusion can result exposing future residents to these carcinogenic chemicals. The project also has high levels of could toxics including neurotoxic toxaphene and lead on the proposed Heritage Oak Park site where kids would play.

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