A CRIA is a public agency separate from the city, county, or city and county that created it; and deemed to be an “agency” for purposes of receiving property tax increment pursuant to Article XVI, section 16(b) of the Constitution.
Any taxing entity within the Area (except for a school district) may choose to allocate some or all its share of tax increment funds to the CRIA.
The CRIA may issue bonds backed by property tax increment
Riverside has scheduled three public meetings on this proposed new way the City can fund development in a designated CRIA district.
RIVERSIDE CRIA HOME PAGE
ASSEMBLY BILL AB 2
ASSEMBLY BILL AB2492
CALIFORNIA LEAGUE OF CITIES CRIA SUMMARY
CALIFORNIA REDEVELOPMENT 2.0 - A MASTER'S THESIS
TAX INCREMENT TOOLS
SCAG LOCAL CITY PROFILE - RIVERSIDE May 2019
CALIFORNIA LEAGUE OF CITIES March 2017