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High court allows state to dissolve redevelopment agencies, sieze $1.7 billion

Original post made on Jan 2, 2012

The California Supreme Court today upheld a law that dissolves the state's 400 redevelopment agencies and allows the state to seize $1.7 billion in property tax revenue to fund schools and special districts.

Read the full story here Web Link posted Friday, December 30, 2011, 4:02 PM

Comments (5)

Posted by Rick Pshaw, a resident of Danville
on Jan 2, 2012 at 4:19 pm

There will be wailing and the gnashing of teeth over this and yet...

Most people still vote for democrats who will steal your money whenever they can. Remember that socialists will be successful as long as they don't run out of other people's money. Regrettably, the day when they do run out is terrifyingly close.


Posted by Tami, a resident of Alamo
on Jan 3, 2012 at 9:24 am

I second that. Unbelievable.


Posted by collins, a resident of Vista Grande Elementary School
on Jan 4, 2012 at 9:35 am

I disagree with the other two posts. First, to what "socialists" do you refer? Second, what has happened in the past with re-development agencies is sometimes appalling. There are many cases where a re-development agency has declared an area "blighted", seized private property, at less than market value. Then a developer buys the property and puts up apartments or condos. This happened to several homeowners who lived next to my grandparent's property. It was discovered later that these same developers had been trying to buy these properties for several years, but were refused. Somehow they found a crony in the agency and Voila!


Posted by Rick Pshaw, a resident of Danville
on Jan 4, 2012 at 12:07 pm

Collins,

The point is not the ethics of RDAs (and I agree with you on this). The point is that the "state" seized RDA money to pay bills which it incurred with little regard for how it would pay them back. It doesn't matter if many of the RDAs were loose with ethical behavior. What matters is the socialists in Sacramento keep grabbing funds from municipalities to pay for outrageous union retirement benefits.

Just wait until the state shows up your doorstep demanding more tax dollars - it will happen rather soon...


Posted by Bill, a resident of another community
on Jan 4, 2012 at 4:39 pm

It's always sad when people resort to mame calling in order to make their point valid. Calling folks with a social conscience (Democrats) "socialist" is like calling people who are in it for themselves (Republicans) "facists."

Ethics are always on point.


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