That point is: the problem with redevelopment is not merely that such agencies gobble up a slice of property taxes that could (and, it says here, should) be going to schools. It's that the slice of that pie is growing. Fast.
The Bee cites a controller's report showing that the $5.7 billion in property taxes that redevelopment agencies took in 2008-09 is THREE TIMES the amount they took a decade earlier.
U.S. & World
News from around the country and around the globe
This statistic alone makes the case for Brown's proposal stronger. He's not merely trying to grab money to help schools and balance the budget. Eliminating redevelopment agencies is a wait of stopping a growing blob that's swallowing up too much of the tax base -- without producing significant, measurable gains in jobs and the economy.