Redevelopment’s winners & losers
Blog by John Fensterwald/Educated Guess
School districts have plenty at stake in the battle between Gov. Jerry Brown and the state’s 400 redevelopment agencies that the governor aims to abolish. Schools could see an extra $1 billion in revenue within two years and a few billion more in bursts in coming years if the administration’s plan passes the Legislature and the revenue estimates are right – two big “ifs.” But as important as how much money districts would get is how the money would be handed out – to all districts within counties or, more likely, just to the lucky districts with big developments within their borders. As is often the case in California school finance, fairness issues are lurking. (more...)