Oxnard—The CFD (Community Facilities District ballot measure, set for a vote this November 5, continues with the City’s revenue impact if the CFD 5 Special Tax is repealed.
CFD 5 property owners’ annual taxes will be reduced, but park landscape and maintenance will likely be reduced accordingly.
Items discussed and voted on include the “Repeal of Community Facilities No. 5 (RiverPark) Special Taxes,” “Reduction of the Maximum Special Taxes imposed within Community Facilities District No. 5, and limitations on Uses of Special Taxes for the District.”
The Council approved a City-Sponsored Community Facilities District No. 5 (RiverPark)with no Tax Increase, a Public Safety, Neighborhood Services Measure, and a resolution to order consolidation. With the November 5 statewide election, the County Clerk conducts the election with the Board of Supervisors, canvassing the returns.
Consultant Russ Branson said the tax needed in the fiscal year 2025 is $4.2 million, and the Maximum Special Tax is $6.7 million if the tax is not repealed.
“There is not just the amount you are funding for maintenance, but there’s also a loss of capacity to fund other things in the future,” he said.
Branson said the RiverPark CFD didn’t happen in a vacuum, and…
