Roseville and Placer County closer to tax-sharing plan

Supervisor Jack Duran calls the tentative agreement a ‘win-win’
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The City of Roseville and Placer County reached a tentative tax-sharing deal today that will permit more than $150 million in infrastructure improvements within the city. The Placer County Board of Supervisors unanimously approved the agreement at their meeting. Roseville City Council is expected to vote on the item in October. Under the terms of the proposed deal, Placer County will support Roseville’s annexation of the Sierra Vista and Creek View developments, and the Reason Farm Environmental Preserve in west Roseville. The two developments include more than 12,000 planned residential units, shopping centers and parks. The preserve will include a storm water retention basin, and recreation, open space and habitat restoration projects for endangered species. In return, the county will receive a percentage of property and sales tax revenue generated from planned developments and improvements to the properties. This revenue is projected to reach nearly $20 million annually once the planned projects are completed, according to a news release issued by Supervisor Jack Duran. Roseville began processing these plans in 2005, but an agreement dealing with tax share and annexation issues had stalled since 2008. With Placer County facing ongoing budget challenges and high unemployment, the tax-sharing plan has been a priority of Duran’s since he took office in January, according to the release. “Completion of this agreement is a win-win for all parties,” Duran said. “It puts $150 million in private sector investment to work creating jobs in our community, updates our infrastructure, keeps our commitment to open space and conservation, and provides the revenue certainty needed to protect and deliver vital services to our growing community well into the future.” ~ Sena Christian