Irvine could receive discounts worth as much as $280 million after 17 years of overpaying the Orange County Fire Authority, according to a new proposal drafted to keep the city in the 24-member agency, as reported by the O.C. Register.
Irvine is overpaying for fire protection by at least $18.4 million – subsidizing the costs of other communities under a complex tax system that could cause the city to break with the Orange County Fire Authority. The city and OCFA don’t agree just how much Irvine is being overtaxed, with the Fire Authority calculating the overage at $18.4 million in 2010-11, while Irvine says it is closer to $35 million annually, according to the O.C. Register.
There are major potential problems that could impact the OCFA’s existence and maybe even lead to its termination, according to an inside source that tipped us off: Continue reading