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HA_SCHOOL_BUS2565.JPGThe erasure of California's local redevelopment agencies and the redistribution of their revenues and assets resulted in nearly $4 billion in payments, according to a new report from the state Department of Finance.

K-12 schools and community colleges received about $1.5 billion from the redistribution. That indirectly lowered their payments from the state's general fund -- the main rationale for dissolving the local redevelopment agencies.

Most of the redevelopment agencies had been operated by cities, which also received redistributed funds, as did school districts, counties and special districts. Cities got $605 million, the report said, and counties $862 million.

The report lists payments to each local government and school district, along with county totals. Agencies in Los Angeles County, which contains about a quarter of the state's population, received $1.1 billion in redistributed funds.

PHOTO: Students get off a school bus at Pleasant Grove High School in Elk Grove on Friday, Feb. 20, 2009. The Sacramento Bee/ Hector Amezcua


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