A roundup of letters to the editor published in the Dec. 10, 2008, issue of The Explorer.
Bag-a-thon event was a big success, advisors believe
I wanted to take this opportunity to say thank you so very much to all those who helped contribute to the success of this year’s annual Bag-a-Thon Breakfast at Edward Jones in Oro Valley, Tucson and Marana.
The event was created to help support the Interfaith Community Services food bank in Tucson. The four-hour event began at 8 a.m. on a Saturday morning and finished at noon, with a total 4,300 pounds of food raised amongst the four Edward Jones offices.
We truly appreciate the generosity of all those individuals and families that came out to support and donate food to Interfaith Community Services. At this time of year when many families are facing challenges, this event once again shows just how much the Tucson community cares by giving back. We firmly believe that together we can all make a positive difference in the lives of others.
Once again, thank you for your support. We look forward to seeing you again next year.
Kenneth Blanchard, Rudy Graf, Peggy Klein, Vic De Nigris
Financial advisors, Edward Jones
Voters didn’t want park, so don’t ask feds to finance it
OV is considering hiring a lobbyist to dip into the federal pork barrel for things, including the Naranja Park plan.
Since the voters overwhelmingly turned it down, to pursue the park project reminds me of Alaska’s bridge to nowhere that nobody wanted.
What is it that the Oro Valley leaders don’t understand?
Edward A. Marue
Off the slippery slope to Arizona’s nanny statehood
Dave Safier has issued “A warning to salivating Republicans.” With Jan Brewer and those Rascally Republican Right-Wingers, he forsees dire cuts to educational and various social welfare schemes resulting in havoc.
First of all, we have a $1.2 billion deficit which must be dealt with. Borrowing from the future or exhausting emergency funds is poor management.
In this economy, raising taxes would be counter-productive. Like many individuals and families, the state will have to further cut expense and forego projects. There are many non-essential programs that have emerged and grown over the years which could be eliminated. Yes, this will mean greater “personal responsibility” for some, a phrase not normally found in the liberal lexicon.
Sorry, Dave, but a majority of Arizonans want off the slippery slope to the nanny state.
Facility district a hidden gem to tax in Arroyo Grande
The Town of Oro Valley has an obsession with property taxes.
In the Arroyo Grande amendment approved Nov. 19 was a hidden gem in Exhibit A, Arroyo Grande Special Area Plan Policies, Financial Sustainability Policies. It describes the use of a Community Facility District.
CFDs are a mechanism whereby developers (single or multiple) are allowed to establish separate political subdivisions distinct from the jurisdiction in which they are located for the purpose of issuing tax-exempt bonds to finance public improvements. The obligation for the repayment of the CFD bonds is passed on to the end users of the property who retire the bond obligations over a 25-year period. With the use of CFD financing, the TOV will be better able to master plan large areas of land (Arroyo Grande) and provide for the services required to serve these areas.
In order to establish a CFD, it must be approved by a two-thirds margin of qualified voters in the district. If there are fewer than 12 registered voters within the district, the vote may be passed by current landowners (developers). Many developers opt for establishing a CFD. Prior to the sale of the homes, they are the only “voters” in the CFD and thus have the power to create the district for future property owners. The CFD has the power to issue tax-exempt bonds to pay for the infrastructure.
The cost is then passed on to the homeowner in the form of annual special taxes. Special taxes are levied on properties within the CFD usually based on the square footage of the lot or the home or a type of category (i.e. single family or multi-family). The Rate and Method of Apportionment (RMA), which is approved during the CFD establishment proceedings, provides this information for each individual CFD.
The TOV has found a way to circumvent the need for voter approval of taxes by establishing one or more CFDs in the Arroyo Grande.
Taxation without representation. Neat trick.