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Artesia City Hall
18747 Clarkdale Avenue
Artesia, California 90701
562-865-6262
Artesia News
Redevelopment Agency forced to pay $542,000 for State raids
On May 10, Artesia’s Redevelopment Agency was forced to turn over $541,600 to the Los Angeles County Auditor.
This was a required payment resulting from the State’s decision to raid $2.05 billion in local redevelopment funds as part of the 2009-10 State Budget. Instead of going to fund local job creation, economic growth and urban revitalization projects, this money will now be siphoned off to help pay the State’s obligations.
The payment was made in accordance with a ruling by Sacramento Superior Court Judge Lloyd Connelly last week which instructed local redevelopment agencies to abide by the provisions of ABX4-26 passed last year as part of the state budget.
The bill allows the state to take $2.05 billion in redevelopment funding to use for state obligations. The California Redevelopment Association (CRA) is appealing the Superior Court ruling to the Court of Appeal.
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