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Merced studies citywide services CFD that could roughly double per‑home assessment
Summary
At a Feb. 2 study session, a consultant told the council a new citywide services Community Facilities District (CFD) would streamline annexations and — at a preferred service level — raise the base assessment on future single‑family units from about $750 to roughly $1,500, with multifamily rates set lower by formula. Council asked for alternatives and requested the item return for possible action.
Goodwin Consulting Group specialist Cindy Yan told the Merced City Council on Feb. 2 that an updated citywide fiscal‑impact analysis shows a projected annual services shortfall of about $8.1 million at buildout and that a new citywide services CFD could set special taxes to mitigate that gap.
The consultant said the update used Merced’s FY 2024–25 budget and standard fiscal‑impact methods and found mitigation amounts in the ballpark of $1,500…
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