California Senate approves legislation to allow cities to borro...

The state Senate voted 37-0 Wednesday to approve legislation that will allow cities and counties to borrow the money they owe in property tax to the state.

[LHH Resident]

What would the benefit to La Habra Heights be to join this? Has this been discussed by our fearless leaders on the City Council?

[resident 2]

They did approve this at, I think, the october meeting.

The state is doing a money grab and shell game.

They took the money from the cities, and are now borrowing money to pay the cities back, and the state pays all the costs of the loan. The cities are supposed to be protected in case the state defaults.

Why didn't the state just borrow the money directly, instead of taking it from the cities and then borrowing to pay them back?

I guess part of the shell game.