The The state’s high court indicated on
California Supreme Court will rule Thursday on the legality of the
state’s move to grab $1.7 billion in redevelopment money to help close
California’s budget shortfall, according to the San Jose Mercury-News.
its website Wednesday that it would rule by 10 a.m. Thursday on the
legal conflict. The Supreme Court previously had agreed to rule on the
crucial issue by Jan. 15, when half of the redevelopment money is slated
to be turned over to the state for the 2011-12 fiscal year….
The state’s high court indicated on