Read and Learn

Here is a quote from Redevelopment- The Unknown Goverment. (pg 6) "Once a redevelopment project area is created, all property tax increment within it goes directly to the agency. This means all increases in property tax revenues are diverted to the redevlopment agency and away from the cities, counties and school districts that would normally receive them". So when City Hall tells you there is no money to fix a pot hole its because your taxs are in the redevelopment pot of gold instead of the general fund. Redevelopment money can only be used for redevelopment, not for schools, not for street repair not for you and not for me. Unless of course you're a developer. Then they will open the flood gates of tax payer money. Megna and Koontz and the rest of them know this. When the real estate developers that incorperated Grand Terrace and then brought redevelopment to our city, They then declared the whole of Grand Terrace a redevelopment area. So folks no one is safe, attested to by the people on Barton Rd. The folks there were told to deal with Jacobson or face eminent domain. Although the Schwab stated at a council meetin the city would never use eminent domain. In fact it used to be in our charter that eminent domain could not be used but several years ago the Schwab got that changed. The article was in the Sun. Who's next?