Tuesday, September 29, 2009

Another lawsuit coming soon over state's taking of redevelopment funds
The state may have abandoned its appeal of a Sacramento Superior Court ruling that found its 2008 taking of $350 million from redevelopment agencies unconstitutional, but the battle for redevelopment funds is far from over. In the next couple of weeks, the California Redevelopment Association intends to file with the Sacramento Superior Court a second lawsuit against the state - this time for the $2.05 billion payment required by redevelopment agencies over the next two years. Continue reading Press Telegram.

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