Calif.'s Budget Woes Could Doom Redevelopment Bills

Law360, New York (March 22, 2012, 11:47 PM EDT) -- Following a California Supreme Court ruling eliminating redevelopment agencies, several bills are seeking to let cities spend some of their remaining redevelopment money on affordable housing and other projects instead of turning it over to the state, but the measures will have a tough time passing if the state's budget woes continue, experts say.

On Wednesday, the Assembly Local Government Committee passed one of the key proposals, A.B. 1585, which aims to allow cities to use existing funds that were earmarked for low and moderate income...
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