Okay so it is early in the morning and I should be in bed. However, Council just got notice that we are having a special meeting during City Council (aren't all of our meetings, special) regarding some fast action needed to save our redevelopment monies from the newly elected Governor who is proposing...gasp...to shut down redevelopment and return the tax dollars back to the city's general fund...or something like that.
Not quite sure why the City Council can do this since we are not the Redevelopment Agency for the city. Hmmm.
So, being curious about how much money we are talking about, I went on line to find the latest financial report sent by all redevelopment agencies to State Controller, John Chiang.
Okay for all of you who want to know what I know... here's the report. Pay special attention to pages 58 and 124 and 125. Shows that more than 18,000 acres of Long Beach is redevelopment. That the agencies take in millions of tax increment and spend millions.Also shows how much square footage was constructed or rehabed..and how many jobs were created by redevelopment money. The bad news is how much debt redevelopment has.
fy0809_redevelop
Popular Posts
-
Prior to the construction of a 150-acre airport in 1923, pilots could be seen taking off and landing on the long strand of beach or on a san... -
Schipske Congratulates Stacy Mungo on Winning 5 th District Seat – Says Looks Forward to Smooth, Positive Transition Long Beach, C... -
If ever an issue cried out for campaign finance reform in Long Beach, the vote on Tuesday, February 14, on whether or not to ban operatio... -
I objected to the City Council going into closed session regarding the potential sale of City Hall, the Main Library and the old court...
-
The City of Long Beach is launching an innovative homebuyer financial assistance program. The Neighborhood Stabilization Program 2 (NSP2) F...
-
The June edition of Long Beach Magazine (on the shelves at Barnes and Nobles and Borders Bookstores) includes a very nice review of my lates... -
I discussed at length during yesterday's City Council's study session on the growing deficit that we need to engage the public in th...
-
Students from the Rosie the Riveter Charter High School were out in the 5th Council District starting their project to help spruce up the lo... -
I received a wonderful valentine in my email inbox while sitting in City Council from Randy Gordon, Executive Director of the LB Chamber of ...
-
The Long Beach earthquake, estimated magnitude 6.25 Ms, occurred at 5:55 p.m., March 10, 1933. Brick buildings with unreinforced masonry wal...
