Community Facilities Districts (CFDs) represent a tremendous opportunity, as the so-called “Designer Tax,” for financing facilities and funding ongoing services. CFDs are known for having financed billions of dollars of California infrastructure over the past few decades, and for funding many essential public services. Cities, counties, schools, and many special…
What’s so important about a Fiscal Impact Analysis (FIA)? New developments or annexations of land to existing municipal boundaries can provide multiple advantages to a public agency, such as: Increased revenue: New development often leads to an increase in property tax revenue, sales tax, and other fees. This additional funding…
Fountain Valley is located in Orange County, California. With over 57,000 residents and a City budget of just under $100MM, the City has many demands. The most pressing of which was the fact that a full cost allocation plan and master fee update had not been performed for over a…
Seaside is a wonderful and diverse community, just across the bay from Monterey. It faced tremendous fiscal challenges over the past years and had to make drastic service and staffing cuts to remain solvent. The drastic cuts had taken a toll on the community. For many years, the City felt…