April 20, 2012
On Thursday, May 10, the League will host a free webinar for members to explore options for promoting economic development in the aftermath of redevelopment elimination.
April 19, 2012
Obtaining necessary changes to the redevelopment dissolution process and working on new economic development tools for local agencies are top priorities for the League.
February 17, 2012
Last week during its meeting, the League's board of directors approved the creation of a new task force charged with recommending to the board new community and economic development tools following the dissolution of redevelopment. In addition to recommending new tools, the task force will also provide guidance to the League's legislative team for broader policy discussions with the Legislature in the future. The task force will hold its first meeting on Wednesday, Feb. 22.
February 8, 2012
Last Thursday, Speaker John Pérez (D-Los Angeles) introduced AB 1585 to clean up certain provisions of the redevelopment dissolution bill AB 1x 26. This bill includes an urgency clause and will require a two-thirds vote.
January 24, 2012
Today another bond rating agency, Fitch Ratings, placed all California tax allocation bonds on Rating Watch Negative. This action underscores the importance of the Legislature enacting SB 659 (Padilla) to extend the deadline for implementation of the redevelopment agency dissolution contained in ABx1 26 from Feb. 1 to April 15, 2012.