Talega Residents may have an interest in Agenda Items #10 and Exhibit #10 on Page 223 of tonights Board Agenda.
This summer, CUSD refinanced bonds associated with several Community Facilities Districts resulting in a $22 million dollar windfall for the District. $17.4 million came from Talega Mello Roos, and $4.8 million came from Las Flores. At the August 14, 2013 Board Meeting Trustees voted to approve tax refunds for Las Flores residents, while deciding to keep the Talega money for facilities maintenance. Talega residents cried foul at the November Board meeting claiming they were not aware of the August 14, 2013 agenda item.
At the request of Trustee Ellen Addonizio the Board will consider whether or not the August decision should be reconsidered. If Trustees approve this request, the matter will be placed on the agenda of the next Board meeting.
What is at stake for Talega Residents?
Scenario 1: $314 reduction in taxes for Talega Residents
Scenario 2: No Reduction in Taxes. The District will use the $17 million for facilities.
Scenario 3: 50% of the money ($157) will be used for a reduction in taxes for Talega Residents and 50% ($157) will be used by the District for facilities.
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