MORE ON: local government

Daily Report: Money and Politics

State challenges local redevelopment budgets

April 19, 2012, 12:05 AM
In the flurry surrounding the end of redevelopment, 60 state Department of Finance officials are scouring local redevelopment budgets to determine whether their claims about existing debts and obligations are legal. Cities and other local entities that are overseeing the shutdown of... + read more
Daily Report: Money and Politics

End of redevelopment leaves budgets in limbo

March 8, 2012, 12:05 AM
In the confusion following the end of California redevelopment agencies in February, an estimated $2 billion in the hands of local officials is in limbo. Before redevelopment agencies were dissolved, the state Department of Finance was responsible for reviewing budgets for the 400... + read more
Daily Report: Money and Politics

End of redevelopment agencies traps $4B in local government loans

February 2, 2012, 12:05 AM
More than 400 redevelopment agencies were officially shuttered yesterday, leaving a trail of uncertainty – and a potentially staggering debt load. Across the state, cities and counties have loaned more than $4 billion to their redevelopment agencies over the past few decades, but... + read more
Daily Report: Money and Politics

Explainer: The end of redevelopment agencies

January 31, 2012, 12:05 AM
[Jump to the most recent update below] The gist: In late December, the California Supreme Court upheld legislation that ended a roughly 60-year-old program intended to combat blight. As a result, more than 400 redevelopment agencies are slated to dissolve by tomorrow. How did... + read more
Daily Report: Money and Politics

3 Calif. municipalities sidestep pension debate

January 23, 2012, 12:05 AM
While most of the state's roughly 480 cities and towns are entangled in a heated debate about future pension costs, three small cities in Contra Costa County are quietly sitting on the sidelines. Most public employees in California receive a defined-benefits pension, which guarantees an... + read more
Daily Report: Money and Politics

Counties split on axed redevelopment agencies

January 5, 2012, 12:05 AM
As cities statewide bemoan the California Supreme Court’s recent decision to uphold the abolition of redevelopment agencies, counties are divided about the potential consequences. It’s still too early to tell what the fallout will be, but Santa Clara County has been the most vocal... + read more
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