Governor Schwarzenegger. Around $2 billion in real money available to narrow budget shortfall

Honorable governor Schwarzenegger.

Recognizing the ongoing gridlock in the lack of agreement on a state budget, there is a funding source that is readily available.
Let me suggest taking 20-25 percent of redevelopment agency “tax increment” money not pledged for Bonds. Therefore, taking 25 percent of that existing bucket of money would be in the neighborhood of $one half billion dollars that could be used for education rather than subsidizing sports teams, auto dealerships and big box stores.

To learn more about these redevelopment agency funds simply read our book entitled “Redevelopment- the Unknown Government”

To request a copy simply call 714-871-9756

Larry Gilbert, Orange County Co-Director, Californians United for Redevelopment Education.


About Larry Gilbert