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Judge Rules to Transfer Over $2.0 billion to Schools in CRA v. Genest

The Associated Press is reporting that the judge in CRA v. Genest, a lawsuit by the California Redevelopment Agency to block the transfer of over $2.0 billion to State K-12 schools, has ruled in favor of the State, approving the transfer of the money away from development subsidies and to the K-12 school system. Redevelopment agencies must make their first payments starting May 10th.

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