State finance officials this week reduced Burbank's bill for dissolving its redevelopment agency by nearly half — from $42 million to $24.3 million. The change came after city officials contested the state's demands as too harsh.
"We're happy that at least Department of Finance took to heart most of our arguments," said Ruth Davidson-Guerra, assistant community development director. "To have to write a check for $24 million to the county is a lot better than $42 million."
The final bill is still far more than the $11.7 million Burbank officials argued they owed as they and cities across the state close down their redevelopment operations. Of that estimate, $7.1 million had been allocated for infrastructure projects along the North San Fernando Boulevard and Victory Boulevard corridors, and $3.7 million was allocated for a new youth community center.