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Valley Center OKs contract with Baker Tilly to model TIF bonds, warns of debt and staff turnover
Summary
The Valley Center City Council authorized a contract with Baker Tilly not to exceed $25,000 to develop models and financing options for upcoming TIF district bond maturities, while staff warned that roughly $17.6 million in bonding remains and staff turnover reached about 26% in 2025.
Valley Center’s City Council on a voice vote approved a contract with consulting firm Baker Tilly to model and advise on upcoming tax-increment financing (TIF) district bond maturities and related financing questions.
City staff told the council that the Valley Center TIF district — which includes the area around the new school — was delayed by additional Army Corps of Engineers permitting and that many of the earlier revenue models no longer match current conditions. Staff reported a set of bond maturities that together total roughly $17,600,000 and said about $11,100,000 of that amount is…
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