Each time I think I may understand the Beaumont Mello-Roos CFD model, I come across something like the image above. It appears from this budget page that our home developers (Pardee?) have contributed 23 million dollars into the Community Facility District - CFD fund. And here I thought our City Council authorized the selling of bonds with which to fund the CFD and the homeowners paid off those bonds with inflated tax liens on their properties. Maybe AK could explain?
