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Perspective

Jun. 22, 2010

Deadbeat Developers and Cruel Covenants: Collecting on Delinquent Mello-Roos Taxes

Delinquent Mello-Roos taxes are shaping up to be a potentially disastrous situation for already cash-strapped public agencies, says Daniel Maruccia of Lozano Smith.

By Daniel Maruccia

Delinquent Mello-Roos taxes are shaping up to be a potentially disastrous situation for already cash-strapped public agencies. Many agencies do not realize that, while current delinquencies may not create financial challenges today, they may seriously jeopardize a public agency's ability to finance needed facilities in the future. Taking legal action is often the only way to protect an agency's credit rating for future bond issu...

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