California State Treasurer Bill Lockyer delivered some disheartening news to a small group of local officials Thursday night: Local redevelopment agencies are all but dead.
Officials in Burbank and Glendale have joined with other local governments to protest Gov. Jerry Brown’s proposal to dissolve redevelopment agencies, sending an estimated $1.7 billion to state coffers. Local officials have argued that the move would take away an important development tool. Brown and state legislators say the agencies keep revenue away from schools and other services.
But Lockyer’s message to less than a dozen local lawmakers, teachers and officials gathered in the auditorium at Luther Middle School in Burbank on Thursday night was clear. Brown’s proposal would prevail.