tax increment

Photo used under Creative Commons from Andy Patterson / Modern Relics / http://www.flickr.com/photos/modernrelics/4461010654/

A bill that would grant local California communities the right to form agencies to redevelop blighted areas has passed an Assembly Committee. Max Pringle reports from Sacramento.

The California Supreme Court dissolved redevelopment agencies last year. But a bill at the Capitol would create new local entities that would fund affordable housing and infill development projects.