The New Redevelopment

As redevelopment agencies face the chopping block in California, new legislation could allow tax increment financing districts to essentially replace them.

"The infrastructure financing districts are being revamped as possible replacements for redevelopment agencies - a major source of development financing for local governments that is now on the chopping block in Gov. Jerry Brown's proposed budget.

The bill, which recently passed the Senate, would repeal voter approval requirements currently needed to form infrastructure financing districts and issue bonds for them. The legislation also includes other reforms that would help them replace redevelopment agencies."

Proponents are hopeful that passage of the legislation would make it easier for cities and counties to fund local public projects.

Full Story: California TIFs May Be the New RDAs

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95

City Coasters

Hand-drawn engraved maps of your favorite neighborhoods are divided up across 4 coasters making each one unique.
$36.00