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Cities May Sue Over Redevelopment Money

By Riley Guerin | Jul. 14, 2012
News

Law Office Management

Jul. 14, 2012

Cities May Sue Over Redevelopment Money

The League of California Cities threatened to sue over a new budget provision.

The League of California Cities threatened to sue over a new budget provision - trailer bill AB 1484 - that lets the state keep local tax revenues if it believes that city governments are keeping too much money formerly slated for redevelopment, reports the Sacramento Bee.

The new state budget relies on $1.4 billion in revenues from former redevelopment assets and $1.7 billion in property taxes that would have gone to the now shuttered redevelopment agencies.
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Riley Guerin

Daily Journal Staff Writer
rguerin@journaltech.com

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