Daily Archives: January 13, 2011

Redevelopment Agencies Across California Could be Phased Out by July 1st.

By Mario Conde

If Gov. Jerry Brown and State lawmakers agree in the new budget, redevelopment agencies all across California could be phased out by July 1st.

Governor Brown proposed in his 2011 budget a bold move that would free up roughly $5 billion in annual tax increments that redevelopment agencies control and redirect those increments to fund a range of services. John Shirey, executive director of the California Redevelopment Association, called the proposal “smoke and mirrors that will bring little financial gain for the State, but will cause widespread and significant economic pain in communities throughout California.”

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