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Article: Fee sends redevelopment agencies to court: CRA alone will lose $2 million unless court intervenes. (Los Angeles Community Redevelopment Agency)
- Article from:
- Los Angeles Business Journal
- Article date:
- June 3, 1991
- Author:
CopyrightCOPYRIGHT 1991 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fee sends redevelopment agencies to court
CRA alone will lose $2 million unless court intervenes
With millions of dollars in revitalization funds on the line, a legal skirmish over an obscure fee being levied by California's counties has redevelopment agencies across state seeing red -- and red ink.
At issue is the legality of an administrative fee that county governments levy on redevelopment agencies by collecting property taxes from the projects created by the agencies. The fee was approved by the state legislature last year as part of a last-minute effort ot close the budget deficit.
Opponents of the tax say tens of millions in ...