CITY HALL — Glendale and Burbank will have to turn over tens of millions in local redevelopment funds to the state after a Sacramento County Superior Court judge this week ruled that the transfer was legal.
Statewide, cities will have to give more than $2 billion generated by the increased property tax values of land within their respective redevelopment zones. And the state is proposing a similar grab next year. In Glendale, that could mean the loss of $13 million; for Burbank, $19 million, city officials said.
During last year’s budget crisis, state lawmakers passed a plan that called for taking $1.7 billion in property tax revenue from local redevelopment agencies, which use the funds for economic development and revitalization projects. The money is to be transferred to local schools to make up for reduced education funding from the state’s general fund.