By Lisa Vorderbrueggen
Monday, January 30th, 2012 at 5:30 pm in redevelopment.
The California Redevelopment Association and League of California Cities have sent Gov. Jerry Brown an eight-page letter outlining all the ways the pending Wednesday dissolution of redevelopment agencies is a bad idea.
Among the critical issues they spell out:
- Possible bond defaults
- Loss of taxpayer funds
- Possible violations of federal law
- Stranded public infrastructure projects
- Loss of critical staff to implement the law
“Both organizations want to collaborate with the governor and Legislature in order to prevent harm to the public interest and to keep California on track in its economic recovery,” the league wrote on CA Cities Advocate.
They had hoped to win passage of a pending bill (SB 659 Padilla) that would postpone the deadline to April 15, but Brown has been quoting saying he saw no reason to “delay the funeral.” The California Supreme Court struck down in December legislation that would have allowed redevelopment agencies to stay in business in exchange for cash payments toward the state deficit.