#mello-roos-and-local-assessments

#mello-roos-and-local-assessments

"Caltrain and BART would very likely be looking at shutting down passenger service," Deputy Director of Policy Development Melissa Jones said. "In that case, the agencies would be focused on maintenance, trying to secure our assets, keep everything safe while we regroup for the future."

Through Community Facilities Districts (CFD), Municipal Utility Districts (MUD), Public Improvement Districts (PID), Community Development Districts (CDD) and reimbursement districts (RD), builders can potentially shift infrastructure costs off their balance sheets and onto special districts that homebuyers ultimately absorb through property taxes without potentially adding debt to the builder's books.

First Interstate Mortgage Co.'s income property division has arranged a $2.3-million construction loan and $2.6-million permanent loan for the rehabilitation of an existing three-story building in Pasadena, located at 95 N. Marengo St.

California is known for a lot of things, but affordable housing isn't often among them. What catches many homeowners and prospective buyers off guard, however, is that property taxes in the state can quietly eat into thousands of dollars a year, even though California's effective tax rates look fairly modest on paper. The reality is that when you're taxing even a small percentage of a million-dollar home, bills add up fast, and in some counties, even faster than most people expect.

Despite some idealistic intentions, that framework is in fact what put Muni in the financial hole in the first place. Working from a scarcity mindset, namely trying to preserve an already pilfered service, is a losing battle. To guarantee the service that citizens and workers expect from a city like San Francisco requires a committed vision of the future, one that centers Muni as the public good that it is.

A new estimate from the nonpartisan Legislative Analyst's Office found that Kumar's exemption could trigger the loss of $12 billion to $20 billion annually in these key revenues across the state. Over time, these revenue losses would grow by 5 to 10% per year, the office's memo said. About half of the revenue losses would go to cities, counties and special districts. The other half would go to schools.

The county originally had planned to lease the 1410 S. Bascom Avenue medical offices in a 30-year deal approved by the Board of Supervisors in 2022. But the multi-decade lease would have cost the county on average $25.5 million annually. In the agreement approved by the Board on Tuesday, the county will instead purchase the property using lease revenue bonds that will lower the annual payment to roughly $20 million. The county says the total savings amount to $112 million over the course of three decades.