San Pablo to discuss sheltering properties from state
Posted: 02/28/2011 03:32:29 PM PSTUpdated: 03/01/2011 05:38:31 PM PST
In a pre-emptive move to escape the long arm of the state, the San Pablo City Council on Tuesday will consider transferring redevelopment agency assets to a new nonprofit Economic Development Corporation.
The move comes as the Legislature prepares to consider Gov. Jerry Brown’s proposal to abolish city and county redevelopment agencies statewide.
Under Brown’s proposal, communities could no longer snare tax increments generated in redevelopment areas, a practice that critics say deprives school, fire and other districts of needed funding. It would create successor agencies as well as oversight boards with only one of seven members from a redevelopment agency’s home city.
San Pablo to discuss sheltering properties from state – San Jose Mercury News. Danville Condos-Danville Real Estate-Homes
via mercurynews.com
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