The Murrieta City Council, following a long first reading, discussed whether or not to change the Community Facilities District Goals and Policies rating bond issue interest from 1.8% to 2% each year, and if it would be considered a tax increase.A community facilities district or CFD seeks public financing through the sale of bonds for the purpose of financing public improvements and services. The services may include streets, water, sewage and drainage, electricity, infrastructure, schools, parks and police protection to newly developing areas. The bond rates in the past have been set at 1.8% and the policy change would allow that rate to rise to 2% in the event of higher costs and improvements over a 30-year period.CFDs are first requested by developers or landowners who seek to
