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- Redevelopment Agency Dissolution
- Special Fund Balance Reconciliation - August 3rd
- February 10 Revenue Update
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Redevelopment Agency Dissolution
Welcome to the Department of Finance’s Redevelopment Agency (RDA) Dissolution Website. This website will serve as the primary conduit for the Department of Finance to share information related to the redevelopment dissolution legislation and communicate with successor agencies, who are responsible for overseeing the winding down at the local level, and county auditors-controllers, who are charged with property tax distribution. Please visit this website frequently as information is regularly updated.
As part of the 2011 Budget Act, and in order to protect funding for core public services at the local level, the Legislature approved the dissolution of the state’s 400 plus RDAs. After a period of litigation, RDAs were officially dissolved as of February 1, 2012. As a result of the elimination of the RDAs, property tax revenues are now being used to pay required payments on existing bonds, other obligations, and pass-through payments to local governments. The remaining property tax revenues that exceed the enforceable obligations are now being allocated to cities, counties, special districts, and school and community college districts, thereby providing critical resources to preserve core public services.
To help facilitate the winding down process at the local level, Successor Agencies have been established to manage redevelopment projects currently underway, make payments on enforceable obligations, and dispose of redevelopment assets and properties. Each Successor Agency has an oversight board that supervises its work. The oversight board is comprised of representatives of the local agencies that serve the redevelopment project area: the city, county, special districts, and K-14 educational agencies. Oversight Board members have a fiduciary responsibility to holders of enforceable obligations, as well as to the local agencies that would benefit from property tax distributions from the former redevelopment project area.
You can contact the Department of Finance’s Local Government Unit, which is responsible for implementation of ABx1 26 and AB 1484, in the following manner:
- Email: Redevelopment_Administration@dof.ca.gov
- Phone: (916) 445-1546
- Audits & Review Teams and Assigned Counties
Property Tax Residual Distribution to Affected Taxing Entities
This summary includes the total actual residual payments to affected taxing entities (ATEs), as reported by the county auditor-controllers (CACs) in each county, as a result of redevelopment agency dissolution.
Recognized Obligation Payment Schedules
Provides information related to the ROPS component of the RDA dissolution and makes available standardized forms that are to be used by successor agencies when submitting ROPS information to the Department of Finance.
Provides information related to the True-Up process and the reporting of the distribution of funding distributed to local tax entities by the county auditor-controller.
- Housing Assets Information
Provides information related to the Housing Assets component of the RDA dissolution and makes available standardized forms that are to be used by housing entities, who assumed the housing functions of the former RDA, when submitting housing asset information to the Department of Finance.
- Low and Moderate Income Housing Fund and Other Assets Due Diligence Reviews
Provides information related to the due diligence reviews that are required to be submitted to the Department of Finance.
- Meet and Confer
Provides information related to the “Meet and Confer” process.
- Property Disposition
Provides information related to the liquidation of former RDA assets.
- Finding of Completion
Provides information related to a successor agency receiving a finding of completion.
- Long-Range Property Management Plan
Provides information related to the long-range property management plan required to be submitted to the Department of Finance.
- Final and Conclusive Enforceable Obligation Determination
Provides information related to the issuance of a Final and Conclusive Enforceable Obligation Determination.
- Successor Agency Dissolution Information
Provides information related to the final dissolution of Successor Agencies once all obligations have been retired.
Provides information related to the Department of Finance’s views on questions that have been raised by many in the financial community with regard to RDA bonds.
Provides information related to redevelopment dissolution legislation, the Supreme Court’s ruling in the case of RDAs vs. Matosantos, and dissolution updates to the Legislature.
- Common RDA Dissolution Questions and Answers
Provides information related to commonly asked questions or areas not otherwise covered in other topics.
Webpage last updated October 6, 2014