Posts Tagged: ifd

Two years after Gov. Jerry Brown and the Legislature dismantled California’s $5 billion-a-year redevelopment program, Brown wants to bring some elements back — but he’s offering less money, a different name and a change in local voters’ approval. The crux of Brown’s plan is to expand the reach of the rarely-used, little-known Infrastructure Finance Districts. The districts, or IFDs, have taxing authority and are created with voter approval. They function on property tax dollars and focus on highways, transit and sewer projects, libraries, parks and child care centers.

With Gov. Brown leading the charge, California’s 400 redevelopment agencies were abolished, but in the Capitol the locals’ quest for money to pay for critical projects goes on – and on.

For the second time in as many years, major legislation to boost the authority and reach of entities called infrastructure Financing Districts, or