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Presentation: Oxnard special districts outlines how CFDs fund public improvements and services
Summary
Special districts manager Anthony Miller summarized how Mello-Roos community facilities districts finance public improvements and ongoing services through special taxes and bonds, explained applied vs. maximum rates, and noted restricted use of CFD funds.
Anthony Miller, special districts manager, summarized the purpose of community facilities (Mello-Roos) districts: to finance public infrastructure improvements and certain ongoing services via bonds and special taxes. He explained that the rate-and-method-of-apportionment (RMA) adopted by qualified electors establishes levy formulas; applied rates fund services and debt but cannot exceed voter-approved maximums. Miller also noted that CFD revenues are restricted to the district's services and obligations and, except for CFD 3, the general fund is not liable for outstanding bonds.
