Following The Money Trail Of Redevelopment Funds
Tuesday, January 3, 2012
Aired 1/3/12 on KPBS Midday Edition.
Vladimir Kogan, UCSD doctoral candidate in political science. Co-author of "Paradise Plundered".
We'll speak with Vladimir Kogan on Tuesday's show.
Evening Edition airs weekdays at 5 PM and 6:30 PM on KPBS TV
Local re-development agencies have often been sold to the public as bulwarks against a "state money grab" of local funds.
Proposition 22, which was passed in November 2010, restricted the state's ability to take funds from the redevelopment agencies and transfer it to schools. Last week, the court upheld a law saying the state may eliminate redevelopment agencies and threw out a law saying the agencies could exist if they paid a portion of their revenue to the state.
We discuss the recent history of state revenues, and the consequences of piecemeal reform like Prop 22.