Agencies Scramble to Secure Redevelopment Funds as New Legislation to Abolish Redevelopment Agencies Surfaces

Around California, agencies are scrambling to use or secure redevelopment funds in an effort to protect against anticipated legislation to abolish redevelopment agencies in California.  We've been following the story for weeks, but things are really heating up now. 

As just a few examples from the past couple of days:

While all this is going on, the Governor's proposal to abolish redevelopment agencies is moving forward.  On Wednesday, the Department of Finance posted information on the budget trailer bill language proposed to effect the Governor's proposal.  The draft, dated February 23, 2011, is entitled "Redevelopment Agency Dissolution and Succession." 

We'll have more on the proposed legislation once we've had time to analyze it. 

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Los Angeleno - February 24, 2011 11:34 AM

You missed Los Angeles' attempt to secure CRA funding to the tune of almost $1 billion.

It took a Brown Act lawsuit to postpone this outright theft of our public tax dollars:

http://ronkayela.com/2011/02/citizens-legal-action-halts-la.html

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