LA City Council Restores CRA/LA to Full Operations
LA City Council Restores CRA/LA to Full Operations
The Community Redevelopment Agency for the City of LA has been restored to full operation by a 13-0 Los Angeles City Council vote. Two state bills approved this June called for dissolution of California's 400 redevelopment agencies, unless cities or counties vote to reinstate their agency and pay a pro-rated share of $1.7 billion, to be used to help balance t
Update on California Redevelopment Agencies
Update on California Redevelopment Agencies
Two bills in the California assembly, AB1-26 and AB1-27, propose to eliminate redevelopment agencies unless they contribute a total of $1.7 billion in tax money generated by new developments to the state, to be used for schools and public safety. Governor Jerry Brown has been a proponent for dismantling the state's roughly 400 local redevelopment agencies, citing examples of mismanagement of redevelopment funding.