Posts Tagged: redevelopment
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.
The city of Cerritos may be a trailblazer of sorts among local governments, but it’s leading the way on a trail that local governments probably don’t want to follow. The southern California community, which boasts a population just shy of 50,000 residents, is among the first of several city governments in California to go to the mat against the state controller’s review of its shift of local assets from the redevelopment agency.
For Frank Spevacek, last Thursday was a long day indeed. After a full day at work, the La Quinta city manager headed to Sacramento to meet with the officials in the most powerful office in the state bureaucracy, the Department of Finance. The department writes the governor’s budgets, rides herd on billions of dollars of