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Government

May 12, 2010

Urban Renewal Takes $1.7 Billion Hit

Redevelopment agencies across California began submitting $1.7 billion in supplemental tax payments to the state on Monday after a request for a temporary stay from delivering the money was denied.

By Greg Kane

Daily Journal Staff Writer

Redevelopment agencies across California began submitting $1.7 billion in supplemental tax payments to the state on Monday after a request for a temporary stay from delivering the money was denied.

The Third District Court of Appeal on Friday shot down a request by the California Redevelopment Association to extend the supplemental payment deadline beyond Monday so an appeal of an earlier...

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