Duran issues statement in support of local Tax-Relief

For Immediate Release
September 28, 2011

Roseville, CA- Yesterday the Placer County Board of Supervisors unanimously voted to refinance the Dry Creek Mello-Roos infrastructure bonds that will result in a lower interest rate and lower future tax bills for 900 residents in the Morgan Creek and Doyle Ranch communities. District 1 Supervisor Jack Duran issued the following statement of support:

“I want to commend County Staff and thank my fellow board members for approving the refinancing of these bonds.

“During these tough economic times, many families are struggling to make ends meet. That’s why it is so crucial that we do whatever we can to put money back in the hands of our citizens. I again want to thank County Staff for sharing my commitment to put taxpayers first.

This agreement will result in a lower interest rate for bondholders and save local households a minimum of a $200 each year over the next 10 years. Those are savings of over $2,000 per household or $1.8 million in tax relief over the next ten years. This is something I am proud to support. “