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velopment revenue could be diverted to closing the state deficit and averting steep cuts in schools, criticized cities' moves to lock up money."We hope that the redevelopment agencies rushing through billions in taxpayer dollars are going to use these funds to create jobs now," Brown's office said in a statement late Tuesday. "These scarce dollars, which could be used to protect police, firefighters and teachers, should not be banked away for special projects." Redevelopment agencies can be formed under California law to spur development in "blighted" districts by selling bonds to subsidize new development. The agencies keep the increase in property tax revenues from those areas to pay off the debt and fund new projects. San Jose's redevelopment agency has helped transform North First Street and downtown with projects including the McEnery Convention Center and HP Pavilion -- along with less successful developments like the Mexican Heritage Plaza. City officials argue that redevelopment is key to attracting and keeping jobs and say Brown's estimate of redevelopment money available to the state is more than $1 billion too high."We think it's really a bad idea," said San Jose Mayor Chuck Reed, who next week is scheduled to sit down with Brown and the mayors