City of San Jose v. Sharma

This appeal centered on who was entitled to real property tax increment revenue after the statutory dissolution of the San Jose Redevelopment Agency. The trial court held that tax increment revenue from a real property tax imposed to raise funds for the pension obligations of Santa Clara County was properly distributed to the Redevelopment Property Tax Trust Fund to pay the debts of the former redevelopment agency. Santa Clara County, with its Director of Finance Vinod Sharma, argued on appeal that this holding was erroneous. The trial court also held that statutes dissolving the former redevelopment agency required that certain tax increment revenue be passed through from the Redevelopment Property Tax Trust Fund to Santa Clara County instead of being used to meet the enforceable obligations of the former redevelopment agency. The City of San Jose, as the successor of the redevelopment agency, argued on appeal that this holding was erroneous. Finding no reversible error, the Court of Appeals affirmed the trial court. View "City of San Jose v. Sharma" on Justia Law