redevelopment funds

COURT OKS STATE TO RAID LOCAL REDEVELOPMENT FUNDS TO BALANCE BUDGET & HELP SCHOOLS; DECISION IRES SOME OFFICIALS

 

May 6, 2010 (San Diego’s East County) – A Sacramento County Superior Court ruled last week in favor of Governor Arnold Schwarzenegger’s plan to raid more than $2 billion from local redevelopment funds. The Governor wants to transfer those monies to school operations.
 

“La Mesa will take a hit of $1,200,000.00,” La Mesa Mayor Art Madrid told East County Magazine in an e-mail.