“potential extension into 2043” = we got you until 2043.
no question about it.
the blocking of prepayment may be because they are already counting on the 2033-2043 payments, if you prepay, they don’t get “their” money.[/quote]
Ha, ha. Yep OCR. Even when I was paying mine off, I inquired with them regarding the possibility of getting extended (CFD #4 PUSD). It went until 2041 but he also was very clear to mention, “it could also get extended”. I asked him to explain under which circumstances it could get extended.
His response was something like, “It’s a bit complicated to go into”. LOL.
No thanks! Guys, you have to realize that these entities will do WHATEVER they need to do to try to extend out these CFD’s. They take comfort in the fact that the vast majority of taxpayers have NO CLUE nor seem to care about this. They just pay the figure on the tax bill each year like dolts.
That’s why you saw a situation of taxpayers paying up to double of what they were supposed to pay under that KPBS investigative report. It’s a good example that people are clueless and they don’t have any idea what is going on.
The vast majority of people out there are NOT like us wise Piggs. The masses are clueless and where these CFD’s (and their administrators) thrive and have job security is the fact that no one knows anything about these things.
If you have followed this closely you will see that the CFD’s and administrators are waking up to the fact that we’re sharing information now on prepaying off CFD’s. They never imagined people would be doing these to the levels they are. They don’t like it.
I don’t have the paperwork in front of me but when I was doing the due diligence to pay it off, there was all kinds of technical legal jargon and verbiage in the legal documents that I do believe the CFD’s will use to try to claim that allowing more people to pre-pay off their CFD’s ahead of time will be a detriment to the future budget and they will ban it.
The only people that will be off the hook are those of us that saw the writing on the wall and pre-paid it off ahead of time. And it’s kind of a catch 22 because the more people that pre-pay it off ahead of time means their budgets in the future will probably be light.
After all, I don’t expect these CFD’s to be doing wise things with my $61,000+ that I prepaid ahead of time. That money is in their coffers now and it doesn’t seem like there is any oversight anyway administering and spending these funds. So you MUST imagine by the time these CFD’s were originally set to expire….they probably will be short….. and how will they cover that shortfall?????
Probably being “forced” and extending the CFD’s out further….
