Mello-Roos Explained

So, you’re in a relatively new development, and rolled in to you mortgage payment is a monthly “Mello-Roos” tax… however many aren’t sure just what this money goes towards, and why we must pay it. Due to a 1978 law, public agencies could not fund many new projects until a senator and assemblyman passed a 1982 law that would create bonds for these projects. Read all about it in the Folsom Telegraph.