Redevelopment agencies shortchanged California Schools $40 million, used funds for golf course


According to the Los Angeles Times, redevelopment agencies in California illegally shortchanged schools by at least $40 million last year, forcing the state to make up the money, according to findings released Monday morning by State Controller John Chiang. The review of redevelopment agencies comes as the Legislature is poised to vote on Gov. Jerrry Brown’s proposal to eliminate municipal redevelopment agencies as part of his budget plan…

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