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Tulare holds study session on fiscal-impact analyses and community facilities districts
Summary
City staff and consultant NBS explained how fiscal-impact studies and Mello-Roos (CFD) special taxes can fund long-term maintenance and some capital costs of new development; staff proposed hiring NBS for two studies and expects results early next year to guide whether subdivisions annex to individual CFDs or a citywide CFD.
The Tulare City Council opened a 6 p.m. special study session to hear a presentation on fiscal impact analysis and community facilities districts (CFDs), tools staff say could help the city fund long-term maintenance and certain capital costs tied to new development.
Mark Mondell, the city manager, introduced Sarah Mares, chief operating officer at NBS, who explained CFDs as a response to Proposition 13 and described them as a tool—commonly called Mello-Roos districts—that allows cities to levy a special tax to fund additional services and infrastructure for new development. "The community facilities district act was a response... it's also known as the…
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