Real Estate/Development
Apr. 15, 2010
Fight Over Mello-Roos Funding
Are the special taxes residents pay to finance debt issues for new public services and infrastructure, known as Mello-Roos bonds, public funds in the eyes of the law?
Daily Journal Staff Writer
They pay for curbing, gutters, underground piping and other types of public infrastructure for new California housing developments. In many cases, they also cover schools, fire and police services for those neighborhoods.
But are the special taxes residents pay to finance debt issues for new public services and infrastructure, known as Mello-Roos bonds, public funds in the eyes ...
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