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For those who have been following the state budget/redevelopment drama on this blog that unfolded after yesterday’s California Supreme Court ruling seemingly abolishing redevelopment agencies, below is an update, courtesy of the California Planning and Development Report (excerpts).  Our prior background posts are at: http://uclafacultyassociation.blogspot.com/2011/12/state-budget-ruling-expected-today-on.html http://uclafacultyassociation.blogspot.com/2011/12/be-careful-what-you-wish-for-seems-to.html Redevelopment Will Be Back — But At What Price? By Bill Fulton and Josh Stephens on 29 December 2011  The California Supreme Court killed redevelopment this morning, but that doesn’t mean it’s dead.  At first glance it would seem as though redevelopment agencies have no bargaining power at all. After all, it’s hard to…

In an earlier post today, yours truly noted that the California Supreme Court was going to issue a ruling on redevelopment agencies that had potential consequences for the state budget.  Please look at that post for background details.  The opinion (with only one dissent) has now been posted.  It may be that the redevelopment agencies will regret a) supporting Prop 22 which supposedly protected their funding and b) asking the Court to invalidate the compromise deal worked out in the legislature. The Court – based on a non-lawyer reading – seems to say that 1) the legislature had a right…