Last RDA Party Blowout Spending Planned in LA

The LA City Council voted to pile on the spending while it can. They plan to move ahead and spend all RDA funds possible prior to the States Attempt to End Redevelopment Agencies as a means for cities to obtain a bigger share of tax funds. It is odd how the Mayor of LA thinks that the Council's Action is a show of good faith with the taxpaying public. The added spending will not have a direct and immediate economic payout for the city. But, what will happen is that the RDA employees can justify their jobs for one or two more years, while teachers, police and firefighters are put out of their jobs.

In addition the bang for the buck on money spent on Redevelopment just isn't historically proven. The cost of the debt, tax waivers, fee waivers and all add up to a total negative in every city the Redevelopment Agency funding scheme has been used.

It is time to get rid of the Addiction to this fraudulent funding scheme for our cities. So like spoiled children who are told no cookies tomorrow, the cities are gorging themselves with a fit of spending. Taxpayers, this is your money. Watch how your city council spends it. What do you and the community benefit from the project in the short and long term. Would you rather that money be available for teachers, fire fighters and police?

Let's Hope the State Government does the right thing and ends the RDA Addiction of the Cities with tough governance. End this job killing, inflation driving, interference with commerce and excessive debt financing by business and government, all at tax payers expense. Stop it. Just Stop it. Even if there is no way to stop the last binge of greed and fiscal abuse.