The dissolution of redevelopment agencies in California will affect cities differently Standard & Poor's Ratings Services said in a report published Wednesday.
A city that had no significant financial ties to its redevelopment agency could receive a net benefit of additional property taxes that historically went to redevelopment agencies.
However, those cities whose finances were linked to the redevelopment agencies, primarily through budgeting practices, balance sheet items, and capital spending plans, and sometimes staff, could have some difficult choices to make, according to the report, "Redevelopment Agency Dissolution May Weaken Some California Cities' Financial Metrics."
