Staff Analysis of the Legislation
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This proposed constitutional amendment seeks to authorize the creation of transit community improvement districts (TCID). These districts would be somewhat similar in nature to the current community improvement districts (CID) but with some notable exceptions. The TCID purposes are limited to extensions of existing transit rail infrastructure (including rail lines, terminals, rail cars, and associated capital expenditures) and cannot be changed. Once created, the governing board may levy "appropriate taxes, fees, and assessments" upon real property used for nonresidential purposes which is located within the TCID. There is no description as to what type or form these "appropriate" taxes might take. Unlike in a CID, there is no cap on the rate of these taxes. TCID's will be created by general law (in contrast to CID's which are created by local law) and may be for single cities or counties or for any combination of cities and counties. |
