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State Can Take Redevelopment Funds

Sacramento, CA — Local cities and counties will lose out on some redevelopment funding.

The Sacramento County Superior Court has ruled that Governor Schwarzenegger can take more than $2 billion to help the state balance the budget.

Local cities and counties have objected to the idea and requested the injunction. The money is typically used for public works projects and rehabilitating downtown areas.

Written by bjhansen@mlode.com.