The board finally agreed to pass those tax savings on to us in Talega. I am incredibly relieved that our neighborhood is finally getting the same treatment as Las Flores. We will be watching closely to make sure these adjustments show up correctly on our upcoming tax bills.
March 13, 2014
Final supporters
At the board's August 14th, 2013 meeting, the trustees voted to keep and spend our savings instead of reduce our property taxes, as originally promised. The same night, the same board voted to reduce taxes for Las Flores residents. Talega received no such reduction. This represents unfair taxation and unjust inequity for Talega residents.
We, the undersigned, advocate and demand that the board treat all taxpayers fairly. Like our CUSD neighbors in the Las Flores area, we too would like to realize our tax savings from the recent "Mello-Roos" bond refinance.
Updates
Reached 500 supporters
December 19, 2013
December 17, 2013
Watching the count climb reminds me that my neighbors are just as frustrated by this broken promise as I am. We need a massive surge right now to push past the five hundred mark before we confront the board again. Please send this link to your neighbors so they understand exactly how our money is being redirected away from us.
November 21, 2013
One hundred of us have now joined together to call out this unfair treatment of our neighborhood. Seeing this many neighbors agree that our tax savings belong in our pockets instead of the district budget is truly encouraging.
Reached 100 supporters
November 19, 2013
141 Comments
As a Talega homeowner I advocate that CUSD treat Talega residents the same as Las Flores community and pass tax savings from the restructured terms to us.
People assume that people in Talega have a lot of money and so it doesn't matter. This is unfair. We have many financial obligations like all other families and have to budget too. This is unfair taxation which our country was founded upon.
We live in a community of 90 townhomes-only two homes have children! If any area of Talega should receive this reduction, this community should!
At the current rate, the Board will collect over $60 million in excess special taxes from Talega residents, beyond what is required to service the outstanding bonds, if they stop collecting taxes when the bonds mature. This number rises to $180 million if CUSD continues to collect excess special taxes until the last legal dates of collection (2042 and 2044).
CUSD: when we purchased our property, our Mello-Roos were very specifically defined and designated for Talega infastructure. Return our funds.
Talega original owner
Hi Talega Friends, Thank you to everyone who turned out tonight for the CUSD Board meeting on two items pertaining to Talega's 2 bonds governed by CUSD. About 45 Talega residents, Robert Ming, the frontrunner in the Board of Supervisors 5th District Race, Craig Alexander, CUSD Board Candidate for Area 4, Kathleen Ward, Candidate for City Council, and Sharon Campbell, tax advocate for CFD 87-1 joined us in support of fair taxation. Thank you to the members of the school board who voted unanimously to lower special taxes for everyone in Talega. And, special thanks to Board Trustees Jim Reardon and Ellen Addonizio for steering the discussion in the right direction for the taxpayers' benefit. We've said previously that even the smallest actions have been steps in the right direction. Well, tonight we witnessed significant steps towards tax relief for Talega taxpayers which led to major taxpayer victories. In summary, the Board actions accomplished two things: 1) AGENDA ITEM 3: The motion by Trustee Reardon and seconded by Trustee Addonizio, was supported by the full board to reduce the bond coverage ratio for CFD 90-2 Mello-Roos taxes from 146.2% to 110% which is sufficient for a community like Talega with a low 1.5% delinquency rate and still provides for over-collections to protect the bondholders and the district, while meeting the minimum coverage ratio by law. Remember, CFD 90-2 affects all 3,515 properties in Talega ("new" and "old" Talega). The Board had initially considered lowering to a 123% coverage ratio. The 110% coverage ratio significantly reduces the amount of surplus taxes the district will collect. Currently $9.6M in surplus taxes are held in the Talega CFD account (primarily from a 2006 bond refinance in which $6.3M in tax savings resulted but were never passed onto taxpayers in accordance with the law, plus the 2% annual escalator imposed on Talega taxpayers). 2) AGENDA ITEM 19: A suggestion was made by Trustee Reardon to forgo t
Share Petition
Don't stop at signing, share the petition link with friends to multiply our impact
Copy link or share directly
The board finally agreed to pass those tax savings on to us in Talega. I am incredibly relieved that our neighborhood is finally getting the same treatment as Las Flores. We will be watching closely to make sure these adjustments show up correctly on our upcoming tax bills.
March 13, 2014
Final supporters
At the board's August 14th, 2013 meeting, the trustees voted to keep and spend our savings instead of reduce our property taxes, as originally promised. The same night, the same board voted to reduce taxes for Las Flores residents. Talega received no such reduction. This represents unfair taxation and unjust inequity for Talega residents.
We, the undersigned, advocate and demand that the board treat all taxpayers fairly. Like our CUSD neighbors in the Las Flores area, we too would like to realize our tax savings from the recent "Mello-Roos" bond refinance.
Updates
Reached 500 supporters
December 19, 2013
December 17, 2013
Watching the count climb reminds me that my neighbors are just as frustrated by this broken promise as I am. We need a massive surge right now to push past the five hundred mark before we confront the board again. Please send this link to your neighbors so they understand exactly how our money is being redirected away from us.
November 21, 2013
One hundred of us have now joined together to call out this unfair treatment of our neighborhood. Seeing this many neighbors agree that our tax savings belong in our pockets instead of the district budget is truly encouraging.
Reached 100 supporters
November 19, 2013
141 Comments
It is unconscionable that the CUSD Board decided to refund money to taxpayers in SOME of the CFD's, but not all - as quite clearly appears to be required by law!
As a Talega homeowner I advocate that CUSD treat Talega residents the same as Las Flores community and pass tax savings from the restructured terms to us.
People assume that people in Talega have a lot of money and so it doesn't matter. This is unfair. We have many financial obligations like all other families and have to budget too. This is unfair taxation which our country was founded upon.
We live in a community of 90 townhomes-only two homes have children! If any area of Talega should receive this reduction, this community should!
At the current rate, the Board will collect over $60 million in excess special taxes from Talega residents, beyond what is required to service the outstanding bonds, if they stop collecting taxes when the bonds mature. This number rises to $180 million if CUSD continues to collect excess special taxes until the last legal dates of collection (2042 and 2044).
CUSD: when we purchased our property, our Mello-Roos were very specifically defined and designated for Talega infastructure. Return our funds.
Talega original owner
Hi Talega Friends, Thank you to everyone who turned out tonight for the CUSD Board meeting on two items pertaining to Talega's 2 bonds governed by CUSD. About 45 Talega residents, Robert Ming, the frontrunner in the Board of Supervisors 5th District Race, Craig Alexander, CUSD Board Candidate for Area 4, Kathleen Ward, Candidate for City Council, and Sharon Campbell, tax advocate for CFD 87-1 joined us in support of fair taxation. Thank you to the members of the school board who voted unanimously to lower special taxes for everyone in Talega. And, special thanks to Board Trustees Jim Reardon and Ellen Addonizio for steering the discussion in the right direction for the taxpayers' benefit. We've said previously that even the smallest actions have been steps in the right direction. Well, tonight we witnessed significant steps towards tax relief for Talega taxpayers which led to major taxpayer victories. In summary, the Board actions accomplished two things: 1) AGENDA ITEM 3: The motion by Trustee Reardon and seconded by Trustee Addonizio, was supported by the full board to reduce the bond coverage ratio for CFD 90-2 Mello-Roos taxes from 146.2% to 110% which is sufficient for a community like Talega with a low 1.5% delinquency rate and still provides for over-collections to protect the bondholders and the district, while meeting the minimum coverage ratio by law. Remember, CFD 90-2 affects all 3,515 properties in Talega ("new" and "old" Talega). The Board had initially considered lowering to a 123% coverage ratio. The 110% coverage ratio significantly reduces the amount of surplus taxes the district will collect. Currently $9.6M in surplus taxes are held in the Talega CFD account (primarily from a 2006 bond refinance in which $6.3M in tax savings resulted but were never passed onto taxpayers in accordance with the law, plus the 2% annual escalator imposed on Talega taxpayers). 2) AGENDA ITEM 19: A suggestion was made by Trustee Reardon to forgo t
Share Petition
Don't stop at signing, share the petition link with friends to multiply our impact
Petitions like this
Other petitions you might want to support
Scan to share
Anyone who scans this can sign the petition.
It is unconscionable that the CUSD Board decided to refund money to taxpayers in SOME of the CFD's, but not all - as quite clearly appears to be required by law!