Taking from the Takers? California Budget Would Eliminate Redevelopment Agencies
California’s governor Jerry Brown is proposing to eliminate the over 400 redevelopment agencies that currently exist in California to redirect part of the revenues to other state and local services. The move has brought praise from property rights advocates, but protests from redevelopers and municipalities relying on funding and services that redevelopment agencies provide. The situation is being watched closely across the country, and the outcome could start a dialogue about the necessity of redevelopment agencies in states like New Jersey that permit local governing bodies to create redevelopment authorities.
For more media coverage on the California redevelopment agencies, please see the following:
Renovating CRAs (The LA Times)
The author wishes to acknowledge the assistance of Cory K. Kestner, Esq., of McKirdy & Riskin, PA, in the preparation of this article.
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