Category: Local budgets

Sacramento’s housing earthquake: Part 2, tomorrow is another day

4 January, 2012 (11:11) | California, Law, Local budgets, Proposition 13, Real estate taxes, Redevelopment, US News |

By:David A. Smith   [Continued from yesterday’s Part 1.]   Yesterday’s post opened the New Year with the earthshaking news, reported among other places in the Los Angeles Times, that the California Supreme Court both upheld the California legislature’s elimination of the state’s redevelopment agencies (RDAs) and invalidated the reconstitution alternative the legislature had offered. […]

Sacramento’s housing earthquake: Part 1, I’ll think about that tomorrow

3 January, 2012 (12:01) | California, Law, Local budgets, Proposition 13, Real estate taxes, Redevelopment, US News |

By:David A. Smith   Two days before year-end, a fiscal earthquake struck 400 of California’s cities, with a not-unexpected but bigger-than-anticipated judicial ruling by the California Supreme Court, upholding the California legislature’s elimination of the state’s redevelopment agencies (RDAs), and the return of their funding to the state’s coffers.  As reported by the Los Angeles […]