Coachella Valley Chapter Meeting

Topic: Property Tax Impacts of COVID-19 and Beyond

Join the Coachella Valley Chapter for this informative discussion on what you need to know about the impact of COVID-19 and property taxes.

Key Takeaways include:
• Property tax trends for 2021-22 & Impacts of COVID-19
• Property tax revenue allocation basics and process
• Chula Vista v. Sandoval case and impact on the residual revenue

Speakers: Paula Cone, President of HdL Coren and Cone and David Schey, Vice President of HdL Coren and Cone

Paula Cone – President
Paula Cone is the President of HdL Coren and Cone, the property tax arm of the HdL Companies, and has over 20 years of municipal experience in finance and city management. She joined the firm in 1990 to oversee the development of the property tax analysis, audit and software elements in use today. She developed the first cost-effective and accurate computer program for identifying, monitoring, auditing and correcting property tax misallocation. She and her team provide core property tax products interpreting the trends and impacts of changes in real estate to the revenues received by local governments. HdLCC has identified errors which have resulted in a redistribution of net tax revenues of $92 million to client agencies since 2000. Ms. Cone earned her bachelor’s degree from California State University at Long Beach. She is former Parks and Recreation Director and Assistant City Manager for the City of Lawndale.

David Schey – Vice President
Mr. Schey has 35 years of experience in government service and consulting. He joined HdLCC in 1994 and currently heads the analysis staff. His experience prior to joining HdLCC includes service as Planning Director, Community Development Director and Deputy Director of Redevelopment. He has been instrumental in the formation of numerous special assessment districts and in the development and adoption of redevelopment project areas. As a consultant to city and county agencies, he has provided development and consulting services that include planning, project management and finance. Mr. Schey has participated in the issuance of tax allocation, revenue and assessment district bonds as both a consultant and as the principal staff representative.

As an active participant in the affairs of his community, Mr. Schey served for over six years as a member and chairman of both the Planning Commission and Parks and Recreation Commission in Diamond Bar. Education: Bachelor of Arts, University of California; Los Angeles, California; Bachelor of Arts, California State University; Long Beach, California; Master of Public Administration, University of Southern California; Los Angeles, CA