NEW YORK, NY - DECEMBER 03: Few jobs are listed on a board at a career training center operated by the New York Department of Labor in Harlem on December 3, 2010 in New York City. The US Labor Department announced on Friday a gain of 39,000 nonfarm jobs in November, raising the unemployment rate to 9.8 percent and a seven-month high. This is just a third of what economists had been predicting. (Photo by Spencer Platt/Getty Images)
The statistic was unearthed by Jim Miller of The Press-Enterprise for a terrific story that looks at the jobs local redevelopment agencies produced -- and didn't produce. Gov. Brown's proposal to eliminate the agencies -- and instead give local voters the ability to raise taxes for economic development -- is perhaps the most hotly contested front of the current budget battle.
The story raises the question: why is so much money going to redevelopment if it doesn't produce jobs?