May 18, 2012
Special Edition - Issue #55

Editor's Note

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RDA and May Revise: DOF Draconian Proposal Unworkable

Calls to Legislators Needed to Ask that Bill be Rejected! 

 URGENT ACTION REQUESTED: Inform your legislators of the overwhelming challenges your city has faced with the redevelopment dissolution process and ask them to reject the Department of Finance’s (DOF) redevelopment budget trailer bill and use AB 1585 (Pérez), SB 986 (Dutton) and SB 1335 (Pavley) as a more positive starting point for redevelopment-related budget discussions and future state-local economic development efforts.

This is a time of great difficulty and confusion for cities dealing with the aftermath of AB X1 26. The loss of redevelopment has meant the halting of many vital infrastructure, affordable housing and commercial projects important to communities that would have created jobs and served as a catalyst to billions of additional private-sector investment. History will, no doubt, confirm that this was a very bad decision for the future of California and its economy.

Key Words: Action Item, Redevelopment, Economic Development, Legislation 

Department of Finance Issues New Guidance on Post-RDA Issues

League Requests Additional Clarification and Provides Recommendations

The California Department of Finance (DOF) just issued three new guidance documents to address the growing list of questions that have arisen concerning the implementation of the redevelopment agency dissolution legislation, AB x1 26. The three guidance documents are marked with a red NEW and can be found on the department’s website.

Key words: Action Item, redevelopment, Economic Development, Legislation