The California Supreme Court’s decision Thursday in a lawsuit over the attempt early this year by the governor and the Legislature to do away with redevelopment agencies and grab their money has left the Madera Redevelopment Agency facing dissolution and the prospect of having to sell off all its assets.
Jim Taubert, the agency’s executive director, said he would recommend at the Jan. 11 agency board meeting that the agency proceed with dissolving itself.
“There are some fairly strict and specific timelines, and my intent is to recommend that we immediately proceed with the dissolution. And, if something happens, that would be good.” But if nothing happens, Taubert said, the city’s local services, freeing up as much as $1.7 billion in the state general fund during the current fiscal year. The money in the past was used by the agencies to spend on future redevelopment projects.
Lawmakers and the mayors of several large cities said Thursday they were inclined to work out a compromise after the justices issued their split decision. While they affirmed the Legislature’s authority to dissolve redevelopment agencies, the justices in a unanimous decision invalidated companion legislation passed last summer that was intended to keep the agencies operating by forcing them to direct a certain amount of property tax revenue to schools and other services...