Category Archives: Redevelopment

Stockton’s $3.98M patch

Here’s some numbers underpinning today’s story on more bad news about the city’s waning budget. This is right out of a city report on the new holes in the general plan and the solutions to patching them up. Notice the second-to-last line on the city’s reserves (or “contingency”) fund, which was $2M. Now, that’s $1M. [...]

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Oral arguments on redevelopment agencies

Tune in to The California Channel at 9 a.m. Nov. 10 to watch oral arguments before the California Supreme Court over the constitutionality of the state’s attempt to do away with redevelopment agencies, like Stockton’s. Gov. Jerry Brown launched the idea this summer in an effort to balance the state’s budget. Cities who oppose it [...]

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More on redevelopment debt

Last month the City Council memorialized about $111 million in debt the city’s redevelopment agency owes city funds fronted for numerous projects over the past 35 years. The council also approved a repayment schedule in which the redevelopment agency will, starting in 2013, make millions in annual payments each year for the next three decades. [...]

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Redevelopment lobbying

At Tuesday night’s City Council meeting, Mayor Ann Johnston said she, Vice Mayor Kathy Miller and Deputy City Manager Mike Locke traveled to Sacramento that morning to lobby lawmakers against killing redevelopment agencies. Gov. Jerry Brown has proposed eliminating them to help balance the state budget. In the meantime, City Hall has produced a new [...]

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Annual financial report Monday (updated)

The City Council Audit Committee meets Monday to discuss the city’s annual financial report. We’ll post it when we get a copy; City Hall was closed Friday. UPDATE: If you’d like to see a copy of the financial report, which was released to the audit committee Monday afternoon, click here (20MB file, but uploaded to [...]

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Odds and ends on an off Friday

•Here’s Tuesday’s City Council agenda. Among the items: continued consideration of an increased hotel tax and increased rental fees at the Civic Auditorium. •Also on the agenda: Property owners have widely rejected a proposed $2.88-a-month stormwater fee (which was to be charged on top of the existing $2.10 monthly fee) that would have gone toward [...]

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