Voice of OC News:
After years of complaints from Great Park residents that special property taxes on their homes is taxation without representation, the Irvine City Council is set to discuss giving some control of that money back to homeowners.
A Voice of OC investigation last year found that while homeowners near the Great Park pay millions in additional property taxes that go toward developing the park, they have almost no say on where any of their money goes.
While much of that funding has gone toward the park?s infrastructure, the money can be spent on a wide variety of projects based on a list approved by the city and FivePoint Holdings, the city?s partner in developing the park.
As an example, the City Council approved a $250 million aquatics center that would be the new home of USA Water Polo, with open questions on what access the public would have to the center. The Olympic team?s contribution to the center is estimated at about $10 million, while the rest will be built using special tax funds.
https://voiceofoc.org/2021/08/irvin...sidents-control-over-their-special-taxes/?amp
It seems kind of unfair.
After years of complaints from Great Park residents that special property taxes on their homes is taxation without representation, the Irvine City Council is set to discuss giving some control of that money back to homeowners.
A Voice of OC investigation last year found that while homeowners near the Great Park pay millions in additional property taxes that go toward developing the park, they have almost no say on where any of their money goes.
While much of that funding has gone toward the park?s infrastructure, the money can be spent on a wide variety of projects based on a list approved by the city and FivePoint Holdings, the city?s partner in developing the park.
As an example, the City Council approved a $250 million aquatics center that would be the new home of USA Water Polo, with open questions on what access the public would have to the center. The Olympic team?s contribution to the center is estimated at about $10 million, while the rest will be built using special tax funds.
https://voiceofoc.org/2021/08/irvin...sidents-control-over-their-special-taxes/?amp
It seems kind of unfair.