Thanks again for getting me two documents relating to the district's bond program. It is much appreciated. I posted the material on EC Patch.
However, it appears as though the answers provided by the staff do not get to the crux of the matter:
If I am a homeowner, what will my tax rate be?
Also I did not see any discussion of the impact of the Chevron settlement or how much bond insurance has been costing or how much the parcel tax is or where the bond money is being spent (lacking project details) or how the district’s taxes compare to other Bay Area tax rates.
I would like to see an Excel spreadsheet that has the following on an annual basis.
The committed debt service until all current debt has been paid.
The projected new debt service, with several possible scenarios, if necessary.
The projected total debt service.
The projected growth in the tax base with a clear statement with respect to assumptions. For example is the district anticipating 4% annual growth in the tax base even though that has not happened for several years? You probably need several scenarios here.
The projected tax rate under varying scenarios.
What will happen if the tax base grows more slowly than anticipated?
Does the district still have a lawsuit against the county in which it tries to force the county assessor to redo many assessments?
By the way, what happens in 2030? It looks like the tax payments grow to over $106 million, even without including new bond measures.
I hope that you can get this to me a few days before the bond committee meets.