Approve spending plan for former redevelopment agency obligations
In Plain English
California dissolved all redevelopment agencies in 2012 and created successor agencies to pay off remaining debts. Richmond's successor agency must submit an annual spending plan to the state to use property tax money for debt payments. If approved, leftover funds go back to schools and other local agencies.
Auto-generated summary. Source: official agenda documents.
Votes
To approve Item V.1
7 to 0
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