|It is important
to remember that by state law 55% of taxes collected outside of redevelopment
areas go to schools. It is important to note that the 64% listed as public
improvements and other redevelopment actual goes mainly to administrative
expenses and debt service. Very little actually goes to public improvements.
By law Redevelopment agencies must incur debt in order to collect tax
increment. This debt involves huge expenses. The 16% going to schools and
other public agencies shortchanges the county, special districts and
libraries among others.