California high court says state can eliminate redevelopment
Submitted by Editor on Thu, 12/29/2011 - 11:49am
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.
Go here and here for the full story.
Related Stories
- South Lake Tahoe City Council candidates respond to #IRunWithMaud questions
- Meet the Candidate: Hal Cole says his experience and calm leadership will guide City
- Four vying for El Dorado County Supervisor, District 5
- City Council candidates respond to South Lake Tahoe Chamber questions
- SLT City Council candidates respond to 100% Renewable Committee questions
- Meet the Candidate: Bruce Grego to bring fairness and honesty to the Council
- Letter: South Lake Tahoe City Council must be leaders on affordable housing
- Recommendations Regarding 'Economic Revitalization' for South Shore Lake Tahoe