We all hope that the decision will go our way, but the facts are, we still don't know what's going to happen, although I was reading on The National Law Review that an IRS decision is expected in the near future. As I read it, the IRS still has to recognize the Villages CDD as a true political subdivision for it to to be eligible. The sticking points are that the developer/land owner controls a majority of the votes and elects the board of supervisors of the Village CDD and thus controls the CDD. We all anxiously await a resolution of this issue.
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