[caption id="attachment_18996" align="aligncenter" width="232"] The Mello-RoosCommunity Facilities Act of 1982 was created to provide an alternate method of financing needed improvements and services.[/caption] What is Mello-Roos? It is actually a "nickname" that the Community Facilities Act of 1982 is commonly known by. California had a situation: Since 1978 it's been illegal for local governments to raise property tax rates charged. So, in order to build new schools, update fire stations, build new parks etc, local government had to raise additional funds somewhere. I'm almost positive they thought of car washes and bake sales... Well Senators Henry Mello and Mike Roos had an idea: The Community Facilities Act was a law enacted by the California State Legislature in 1982. The name Mello-Roos is derived from...
Enter your email to subscribe.