Ending redevelopment will eventually produce $5 billion of additional general fund money for vital services. So says the non-partisan Legislative Analyst's office. According to a new LAO report, local agencies will eventually see an increase of up to 15% in available property tax revenue without redevelopment.
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Ending redevelopment will eventually produce $5 billion of additional general fund money for vital services. So says the non-partisan Legislative Analyst's office. According to a new LAO report, local agencies will eventually see an increase of up to 15% in available property tax revenue without redevelopment.
Authors: