Government
Dec. 30, 2011
Decision could kill redevelopment agencies
Thursday's state Supreme Court decision means that unless state lawmakers take immediate action, California's roughly 400 municipal redevelopment agencies will soon fold.
Daily Journal Staff Writer
Unless state lawmakers take immediate action, California's roughly 400 municipal redevelopment agencies will soon fold.
In one of the most hotly anticipated decisions of the year, the state Supreme Court ruled Thursday on the Legislature's plan to siphon $1.7 billion from the agencies to help close the state's budget gap. The high court upheld legislation that dissolved the agencies but struc...
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