But a budget proposal that Gov. Jerry Brown is widely rumored to be weighing may end subsidized redevelopment statewide to free up more tax money for schools and other programs. That could threaten planned projects including a San Jose ballpark and Santa Clara football stadium.
Brown's representatives have refused to comment on the rumors, saying only that he will announce on Monday his proposals for filling a $28 billion hole in the state budget.
The roughly $5.5 billion in annual property tax revenue diverted to redevelopment agencies throughout the state could go a long way toward solving Brown's headache.
Sounds like a good plan to me, but there a bunches of socialist, corrupt municipal politicians who need that pot of graft. For example, my on rep, Costa, planned on some of that for his 200 MPH train from Borden to Corchran. He is probably out buying land as we speak!
Speaking of Choo Choo trains, does Jerry Brown really believe that Fresno residents will tax themselves the $50,000 per household to build the Choo Choo ourselves?
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