Closing Down Redevelopment Agencies
Until 2011, a portion of County Property Tax funds was allocated to city and county redevelopment agencies. Those agencies sponsored re-development of economically challenged neighborhoods through partnerships with commercial real-estate developers.
In 2011, a California Supreme Court ruling disbanded the redevelopment agencies, re-directing the tax funds to education and public safety.
A portion of Property Taxes continues to be allocated to Redevelopment Agencies to pay down outstanding debt and cover administrative costs. Recognized Obligation Payment Schedules (ROPS) list funds dedicated to the dissolution of Redevelopment Agencies.