Recently, the CUSD Board of Trustees reduced its taxes and lower its debt by refinancing our Community Facilities District (Mello-Roos) bond. This resulted in a $17.4 million tax savings over 20 years which equates to $314 per affected property each year.
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.
On behalf of Talega Residents for Fair Taxation, Debbie Flowers, Janet Leger and I attended the regular CUSD Board meeting tonight (February 12, 2014) and the below information was presented under Oral Communications (where any topic is allowed but not acted upon) as there was no Agenda item slated for Talega's outstanding CFD 90-2 tax savings issue from 2006. And we still do not know what the SCHS PTSA email blast was about. Lastly, we are still waiting on responses to our resident's questions that we sent to Dr. Farley Monday, but hopeful we will get them soon.
Good evening President Alpay, Board Members and Dr. Farley:
My name is Laura Ferguson and I am a resident of San Clemente speaking on behalf of Talega Residents for Fair Taxation. Debbie Zonos Flowers and Janet Leger are also here from our group.
I am hoping the President of the San Clemente High School PTSA is here to elaborate on their e-blast from Monday announcing a revised agenda for tonight. Your staff was unaware of a change and suggested I contact the sender. So I did, but have not heard back yet. The email stated:
On Monday, February 10, 2014 4:36 PM, "firstname.lastname@example.org" wrote: District Board Meeting Agenda Change: The District Board Meeting agenda has changed for this Wednesday, Feb. 12th. The items that involved the $5million have already been resolved. No action is needed by SCHS Parents.
Needless to say this raised some eyebrows among Talega residents considering the Mello-Roos tax issues we have been dealing with.
My purpose however for speaking tonight is to remind the Board of the outstanding issue pertaining to Talega CFD 90-2, specifically Resolution #0506-73 and the tax savings from the 2006 bond refinance. I called Dr. Farley on Monday for a status update. I shared with him that Talega residents are eager to know when the Board plans to conclude this and especially want to know when property owners of Old Talega will see a tax reduction, like those in New Talega as a result of your Board's actions last month.
In speaking with Dr. Farley, I shared with him that after announcing that the county tax rolls for New Talega have been modified, I received a number of inquiries from residents about the 2006 tax savings that I was unable to answer. Hopefully you have seen these questions which I later emailed to him. I look forward to the answers so I can disseminate to Talega residents.
We do not know what the delay is in concluding this matter. I appreciate Dr. Farley telling me that "the cause is in no way related to the district trying to find a way to keep our money". Since the January 22nd board meeting, I did a public records request to see if there had been any modifications to this 2006 Resolution. There was no reference to this Resolution or revisions in the documents I received.
I will not read the intent of this Resolution since it has already been repeatedly stated. However, the Resolution and the Mello-Roos law are clear and must guide what happens next.
We will be back with the group should this issue remain unresolved.
Thank you for listening and for your service to the public.
To reiterate the intent of the 2006 CUSD Board Resolution No. 0506-73 which addresses Talega CFD 90-2 that was never implemented by the prior administration and board, and in which we see no ambiguity about what should be done: "the Board has determined that it has now funded all projects intended to be funded with bond proceeds of the CFD and, therefore, has determined that it is necessary and desirable for the benefit of the CFD taxpayers to reduce the CFD bond authorization by $9,345,000 which is the unissued portion of the original $50M authorization and to reduce the final term of the CFD tax levy from fiscal year 2041-42 to fiscal year 2036-37....". While within this same Resolution, a reference to the actual law wherein they recognize that the savings have to go back to the taxpayers: "In satisfaction of the requirements contained in Section 53364.2 of the Act, the Board hereby determines that any savings achieved through the issuance of the bonds shall be used to reduce special taxes of the District and such reduction shall be made in accordance with the Act."
I followed up with Superintendent Dr. Farley today (February 10, 2014) as promised. He will look into the status of our inquiry about the CFD 90-2 refinance and Resolution last discussed at the January 22nd board meeting and get back to me. I shared with him that Talega residents are eager to know when the board and staff plan to conclude this matter and especially want to know when property owners of Old Talega will see a tax reduction from the 2006 CFD 90-2 bond refinancing, like those in New Talega will soon experience from the 2013 IA 2002-1 bond refinancing. I will post as soon as I hear anything. Also, I am waiting for answers from the superintendent on some questions from residents received this past weekend but was unable to answer. I will post this "Q&A" as well once I hear back. Thank you. Laura
James Stonecypher2 weeks ago
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- Petition has reached 100 signatures!
- We are now live!