Future of Redevelopment Agencies #cabudget
As part of a flurry of bills passed Wednesday, the California state Legislature approved companion bills that call for redevelopment agencies to make significant annual payments to school districts or be eliminated. While Governor Brown has decided to veto the Democratic budget bills, the redevelopment bills remain in limbo. If the bills ultimately pass, agencies can survive by paying their share of a statewide $1.7 billion school payment next year, along with a piece of a statewide $400 million payment every year thereafter.
