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30 <br />Results <br />• Notice that the summation numbers are negative. You will also notice that <br />some cities are more 'negative' than others. Does this mean that some <br />cities are subsidizing others? <br />• Not necessarily. <br />• Recall that services received and taxes paid are occurring in the same year. <br />• All of the city and county governments are moving current tax year receipts <br />into 'funds' for future expenditures <br />• One can think of these 'funds' as savings accounts —hence the 'negative' <br />numbers <br />• Different cities also have different amounts being paid into reserve funds. <br />CCM Economics, LLC OC Tax Equity Study <br />