California Governor Jerry Brown has announced plans to reduce the state's budget gaps by possibly eliminating a wide array of projects and agencies, including the state's redevelopment agencies.
Newly inaugurated Governor Jerry Brown is apparently looking to eliminate all redevelopment agencies within the state.
"In a major reduction, Brown would wipe out hundreds of local redevelopment agencies, which use property taxes to spur projects in blighted areas. State leaders in 2009-10 took $1.7 billion from redevelopment agencies, though voters in November approved a ballot initiative, Proposition 22, that presumably blocks such transfers in the future.
Brown wants to eliminate redevelopment agencies altogether; it is not clear whether that would require voter approval. He intends to use the money to offset state budget costs for one year and then give the money to counties and schools thereafter."
FULL STORY: Brown to propose broad list of budget cuts
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