Your Riverside BIA Government Affairs team is always eager to share good news when it comes to housing opportunities and homebuilding.
That's why we are very pleased to report that the Riverside County Board of Supervisors, Riverside City Council, Eastvale City Council and Perris City Council have all voted unanimously to extend temporary 50% TUMF reductions in their jurisdictions through 2012. The new City of Jurupa Valley also has a 50% reduction in place.
These votes were made possible due to recent action by the Western Riverside Council of Governments (WRCOG) Executive Committee, which approved an extension of the temporary 50% TUMF reduction opportunity for 2012, allowing WRCOG jurisdictions to decide whether or not to adopt the reduction for 2012.
Keep in mind that because TUMF reduction ordinances require two public readings, some jurisdictions will have a short time period where full TUMF rates will be collected. Please contact your Government Affairs team to get these dates for your area.
The Riverside BIA Government Affairs team will continue to solicit support for the 50% reduction in other jurisdictions and look forward to reporting continued good news!