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

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

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 $209

Stay thirsty, urbanists

These sturdy water bottles are eco-friendly and perfect for urbanists on the go.
$19.00
poster

A Short History of America

From comic book artist Robert Crumb, poster shows how the built environment has changed throughout the decades.
$14.95