From Oakland Tribune:
Thank you for reading this post, don't forget to subscribe!With once powerful redevelopment agencies such as San Jose’s on the brink of extinction, the California Supreme Court this week will consider whether state lawmakers staged an unconstitutional raid on redevelopment coffers to help close a multibillion-dollar budget deficit.
The state’s high court will hear arguments Thursday in a lawsuit brought by redevelopment backers arguing the move to seize redevelopment money statewide violates a voter-approved ballot measure last year, which barred the state from taking away local government funding to pay its bills.
The prospects for California’s precarious budget and the future of the state’s 398 active redevelopment agencies hang in the balance.
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