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GOVERNOR PROPOSES ELIMINATING REDEVELOPMENT AGENCIES IN CALIF.

Monday, January 10, 2011 - 8:00AM

Governor Jerry Brown today submitted his proposed budget for 2011‑12 to the California Legislature. The proposed budget would make significant changes to economic development activities in California, including eliminating redevelopment agencies by July 1. Gov. Brown proposes that the state constitution be amended to provide for 55 percent voter approval for tax increases and bonding against local revenues for development projects such as are currently done by redevelopment agencies.

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