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Resource ID: #17116
Subject: Land Records
Source: Sentinel (Orlando, Fla.)
Date: 2000-10-18



Sentinel reporters discovered more than 100 special-tax districts, "Community Development Districts," in Florida which are "virtually unregulated private governments". The law that enacted these policies benefits developers. The effect of this system: "$2.5 billion in tax-free bond money," which developers have raised and spent since 1990. Meanwhile, homebuyers and federal taxpayers have been left to pay off the bonds.

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