Update on California Redevelopment Agencies

Update on California Redevelopment Agencies

Fri, 07/01/2011 (All day)

Westlake TheatreTwo bills in the California assembly, AB1-26 and AB1-27, propose to eliminate redevelopment agencies unless they contribute a total of $1.7 billion in tax money generated by new developments to the state, to be used for schools and public safety. Governor Jerry Brown has been a proponent for dismantling the state's roughly 400 local redevelopment agencies, citing examples of mismanagement of redevelopment funding.