California high court says state can eliminate redevelopment

In a significant budget win for Gov. Jerry Brown and lawmakers, the California Supreme Court ruled today the state can eliminate local agencies that subsidize construction in blighted areas. The decision strengthens the state's ability to take funds from redevelopment agencies, such as the one at South Lake Tahoe, for the current budget. It also provides leverage for state leaders to use more than $1 billion annually in redevelopment property tax dollars to balance future budgets.
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