A tip of our hat to the folks running the Nossaman blog for their diligently compiled summary of the parties supporting and opposing the redevelopment litigation now pending on the merits before the California Supreme Court. It’s quite a list. Actually, two lists. Click here.
For the benefit of readers who may not be on top of such doings in la-la land, the California Legislature, faced with imminent insolvency, passed a law recently, requiring that redevelopment agencies pay to the state to make up for the funds they skim off the property tax revenues collected in redevelopment areas, or, failing that, go out of business.
The redevelopment agencies have petitioned the California Supreme Court to review the [state] constitutionality of this legislation, being that an election or two ago, the people adopted by initiative a provision barring transfer of local funds to the state.
Stay tuned.