Quote:
Originally Posted by Goldwingnut
Each of the CDDs and Amenity divisions has capital reserves and can and has used them to fund funding shortfall from unexpected things that have happened. None of the districts are using bonds as a stopgap funding method. The only bonds that have been issued by the CDDs are for expansion - north of 466 the one I know of are in CDD4 and CDD9 when areas were added to their CDD, each a relatively small number of homes.
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Again I could be wrong, as it was last year when I attended a Budget Meeting, but I believe there was a discussion or proposal to issue a Bond and believe the Bond (in part) was proposed to fund Golf Course renovations.
Not to beat a dead horse, but a budget that's constrained by CPI increases & sale re-adjustment only, seem unrealistic. I'm sure my opinion is in the minority, but costs increase and CPI never seems to accurately reflect how much more it costs me to live.
People just don't appreciate how good we have it in The Villages, when it comes to how much we pay to maintain the lifestyle. It's a steal.