MR bonds DO NOT PAY for ongoing municipal/county services to a development. They only pay for the initial construction of municipal/county facilities and schools which will be used by this new population. A brand new empty police substation, branch libary or school is worthless without humans to staff it.
The sole cause of this “boom-bust” cycle causing fiscal instability to many jurisdictions of this state is undoubtedly too many approved subdivisions.[/quote]
Right, but even when not taking MR or special bonds into consideration, the new housing developments almost always bring more money, per household, into the city’s coffers via regular property taxes because of Prop 13. So, if the new developments aren’t paying their way, then the old residents paying their (highly subsidized by the new taxpayers) Prop 13 taxes sure aren’t, either.
