A LIE OF OMISSION 2

When asked about the rate of increase for this Mello Roos council was emphatic it would only go up 2%. The following is found in the development agreement Page 152 of 281 City of Wildomar City Council Agenda Packet dated 09-11-2013 
5. FACILITIES AND SERVICES FINANCING.5.1 Inclusion in Services CFD. Subject to the provisions of this Article 5, Developers agree that following the approval of a Final Map for the Property,the City may include the Property in a CFD that is authorized to finance certain City public services costs through the levy of an annual special taxes on assessor’s parcels of Developed Property in an amount not to exceed $590 per dwelling unit, subject to adjustment each July 1, commencing July 1, 2013, by the percentage change in the Index for the twelve-month period ending the prior May 31, not to exceed 2% for maintenance services and 5% for emergency services (police, fire,administration/general services). Such special taxes shall be authorized to be levied in perpetuity.
Did anyone notice the 5% for emergency services? As slightly more than 50% is allocated to pay for city services normal covered by a CSA such as lights, mowing and watering the medians, etc this fee will increase by the maximum of 2% as stated, the balance is allocated for emergency services and is subject to the 5% increase. To insult to injury the State of California Franchise Tax Board has recently installed a new computer system which will allow the agency to distinguish the portions of property tax bills that are deductible and nondeductible, said Daniel Tahara, a FTB spokesman.” The FTB’s reasoning is that Mello-Roos and other fees never were exempted from the state income tax.