Mr. Thumar has a background in economics and finance. Since joining DTA in 2000, Mr. Thumar has been involved in all aspects of formation and implementation of numerous Mello-Roos Community Facilities Districts located throughout California. Mr. Thumar’s responsibilities related to these CFDs have included the development of tax spread proforma analyses, as well as the preparation of rate and method of apportionments, Public Reports, and overlapping debt analyses. In addition, he has managed the annual administration of over twenty-five CFDs in Southern California and has prepared due diligence, tax projections and disclosure reports related to land-secured bond issuances for numerous clients in California, Nevada, and Arizona.
Mr. Thumar has also prepared fiscal consultant reports and tax increment models for numerous redevelopment agencies and projects, including a number of project areas located within the City of San Diego, as well as fiscal impact reports for various public agency clients. Mr. Thumar has also worked on the preparation of development impact fee justification studies. His work during the impact fee justification and apportionment analysis process has included the preparation of capital improvement and public facilities needs lists, fee model development, report writing, data collection, interfacing with staff and key stakeholders.
Mr. Thumar received his M.B.A. degree with a concentration in finance and his Bachelor of Arts degree in Economics in 2005 and 2000, respectively, from the University of Southern California.
Mr. Thumar has attained his Series 50 licensing as a registered Municipal Advisor with the Securities and Exchange Commission and the Municipal Securities Rulemaking Board.