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Judge OKs California's shift of funds from redevelopment to schools

May 5, 2010 3:00:00 AM - latimes.com
Similar transfers have been struck down, but judge says payments to schools 'benefit redevelopment' and are valid. The move saves the state $1.7 billion in this budget year, $350 million in the next.

State officials dodged a $2-billion bullet Tuesday when a judge ruled that last year's shift of funds away from redevelopment agencies to pay for schools was legal.

USA, California: (Latest Stories)