Welcome to the Department of Finance’s (Finance) Redevelopment Agency (RDA) Dissolution webpage. This site will serve as the primary conduit for Finance to share information related to the redevelopment dissolution legislation and communicate with Successor Agencies (SAs), 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 wind-down process at the local level, SAs were 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 (OB) that supervises its work. The OB 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.
Finance is responsible for implementation of the RDA dissolution statutes, (AB)x1 26, AB 1484, AB 471, and SB 107, and oversees the winding-down of the SAs.
- County Auditor-Controller Reporting Forms
- Countywide Oversight Boards
- Due Diligence Reviews
- Final and Conclusive
- Finding of Completion
- Frequently Asked Questions
- Housing Assets
- Long-Range Property Management Plan
- Meet and Confer
- Prior Period Adjustments
- Recognized Obligation Payment Schedules
- Successor Agency Dissolution