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We have those in California. New houses are generally built in "Mello Roos" districts, in which bonds are issued to cover things like new schools, streets, and
by tsotha 11y ago
We have those in California. New houses are generally built in "Mello Roos" districts, in which bonds are issued to cover things like new schools, streets, and sewers. Homeowners in those districts pay extra property taxes, which in theory go toward retiring the bonds.