The city of Oxnard has hired a consulting company to help develop Finance districts in the city of Oxnard. The following information is taken from the NBS website.
Inadequate revenue streams and competing demands for them make it hard for cities, counties, schools, and special districts to provide all the services and infrastructure their citizens desire. You need these services within a specified deadline and budget. That’s where Special Financing Districts (SFD) come in.
The City of Oxnard has close to 100 Special Financing Districts (SFDs) across the city, serving a variety of neighborhood needs. Over time, the management of these districts have become difficult, resulting in problems for the City.
The City needed a complete overhaul of its numerous landscape and other assessment districts. This included not only a complete restructuring of these districts, but also a conversation with property owners and the community overall, as well as a complete internal overhaul of the City’s practices, staffing, accounting and systems.
We have performed extensive community outreach, analyzed all of the many assessment districts citywide, and interviewed staff and other stakeholders to develop solid solutions for City leaders and staff.
From this foundation, we provided new engineers reports and numerous recommendations for improvements in the staffing and overall management of these districts.
More from NBS
Special Financing Districts (SFD) Primer – 2014 Update
Learn more about your options through the Special Financing Districts Primer now available in PDF format.