The court’s ruling will help generate funds for the troubled state budget but hobble local economic development and housing programs. More than 400 agencies will close after Feb. 1.
The California Supreme Court threw hundreds of redevelopment agencies out of business in a ruling that will benefit state budget coffers but hobble local economic development and housing programs.
- Wife of legislator trying to save redevelopment agencies works for developer who favors program
- Suit asks state Supreme Court to overturn state action targeting redevelopment agencies
- Prop. 8 sponsors’ arguments go before California high court
- California agencies lent millions to employees who never repaid
- California high court rejects challenges to redistricting