Judge OKs Calif. taking local funds to close deficit

May 4, 2010 5:56:44 PM PDT
A superior court judge ruled Tuesday that California can raid more than $2 billion from local redevelopment funds in order to close the state's budget deficit.

Local governments have strongly objected to the money grab. The money is usually used for downtown revitalization and public works projects.

The judge said the state could use the money to help support schools within the local redevelopment agencies because it serves a public purpose.


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