The California Supreme Court on Thursday found that state lawmakers had a legal right to seize $1.7 billion in redevelopment money to help solve the state's budget woes, at the same time reaching a result that may put the state's nearly 400 local redevelopment agencies out of business forever.
California's high court concluded the Legislature had the authority to raid redevelopment funding and dissolve the agencies earlier this year, rejecting arguments from redevelopment advocates that the budget gambit violated voter-approved Proposition 22, a 2010 measure designed to bar the state from seizing local funding to pay its bills.
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the whole story at the San Jose Mercury News.
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