A group from Sacramento has formed a Political Action Committee and hopes to launch a ballot initiative to prevent the city from publicly funding a new arena for the Kings.

"Taxpayers for Safer Neighborhoods PAC has joined with Sacramento Taxpayers Opposed to Pork (STOP) to announce the first phase of a campaign to end the financially irresponsible diversion of over $250 million in public funds to build a new downtown basketball arena," wrote the group in a release.

“Working with Taxpayers for Safer Neighborhoods, we have put together the funds to begin gathering signatures for an initiative which will prevent the public gift of over $250 million in taxpayer dollars to developers and professional sports team owners,” said Julian Camacho, Chairman of Sacramento Taxpayers Opposed to Pork (STOP).

Sacramento is facing an $8.9 million deficit.

The NBA is attempting to broker a deal between Vivek Ranadive and the Maloofs to keep the Kings in Sacramento and prevent a relocation to Seattle by a group of owners led by Chris Hansen and Steve Ballmer.

A recent report concluded that publicly funded sports venues add little to the economy.