Money & Politics | Daily Report
April 19, 2012 | Kendall Taggart
In the flurry surrounding the end of redevelopment, 60 state Department of Finance officials are scouring local redevelopment budgets to determine whether their claims about existing debts and obligations are legal.
Cities and other local entities that are overseeing the shutdown of redevelopment agencies were required to submit a list of their ongoing financial commitments by April 15. Now, the department has a three-day window to raise objections. Of the budgets it has reviewed so far, the department has challenged almost two dozen, including budgets from the cities of Riverside, Orange and San Leandro.
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