Great news for the people of Sutter County.? Money taken by the Redevelopment agency, some created by eminent domain and stealing private property, is now going to the General Fund.? Too bad the stolen property cannot be returned.
?Yuba City Finance Director Robin Bertagna said after the city?s redevelopment agency was eliminated, $2.4 million ? planned for low- and moderate-income housing ? is what remained. A report from the state Department of Finance shows residual payments for Sutter County entities at that total, with $493,351 for Yuba City, $369,580 for Sutter County and $833,983 for K-12 school districts.
?It does benefit the community, just not the original intended purpose,? Bertagna said.?
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Shifted funds boost Sutter County?s coffers
Appeal Democrat,? 7/19/13
More than $2 million originally slated for affordable housing via redevelopment funds has been rerouted to the coffers of Sutter County governments.
Gov. Jerry Brown dumped state redevelopment agencies in 2011, with the cancellation effective in February 2012, citing the need for general fund savings. Before the dissolution, redevelopment agencies used property taxes in improved areas to pay off bonds initially issued to make the improvements as a way to eliminate blight, leaving less in such taxes for other government agencies such as schools.
Yuba City Finance Director Robin Bertagna said after the city?s redevelopment agency was eliminated, $2.4 million ? planned for low- and moderate-income housing ? is what remained. A report from the state Department of Finance shows residual payments for Sutter County entities at that total, with $493,351 for Yuba City, $369,580 for Sutter County and $833,983 for K-12 school districts.
?It does benefit the community, just not the original intended purpose,? Bertagna said.
Yuba County received $47,885 in redistributed payments from a past redevelopment project to improve curbs, gutters and sidewalks in Olivehurst.
Of that total, the school districts received $14,304.
After results of a state audit on redevelopment funds came back, Yuba City on Dec. 19 cut a check to Sutter County for the $2.4 million.
In turn, Sutter County provided checks to the other entities. Bertagna said the city is still going through nonhousing funds to determine what will be distributed further.
The end of redevelopment means such property taxes are now spread between governments more equitably. Fund dispersal is based on the AB 8 formula, a state law governing the allocation of property taxes.
California Department of Finance spokesman H.D. Palmer defended the elimination of redevelopment agencies Thursday, saying it gives a boost to local governments.
?This kind of shows one of the reasons for redevelopment ? not only provides benefit to schools and the state budget, it provides a new stream of revenue,? Palmer said. ?These are new, additional dollars they can target to what every their local priorities are.?
Redistributed payments in California totaled about $4 billion.
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