Marley Park board adopts tentative FY2026 budget, sets June 3 public hearing

The Marley Park Community Facilities District board voted unanimously May 6 to adopt a tentative FY2026 expenditure limitation budget and to publish the tentative budget and set a public hearing for June 3, 2025, at 5:30 p.m. at the City of Surprise Council Chambers.

The move keeps the district nnual secondary property tax rate at 2.7294 and funds roughly $2.3 million in FY2026 sources, including debt service on infrastructure reimbursed to the developer and limited park operations. Andrea, a staff member presenting the item, told the board the CFD was created in February 2004 and that the district—urrently has $80 million in bonding authority, split $40 million for the developer and $40 million for the city; $38 million of the developer portion has been reimbursed and about $2 million remains potentially payable.

The CFD reimburses developer-installed infrastructure through bonds paid by a secondary property tax in the CFD boundary. "That that is correct. It's just within the boundaries of the district," Councilman Judd said when asking whether the tax applies only to residents within Marley Park. Staff said they do not expect another bond issuance next year because no new reimbursement requests have been submitted.

The tentative budget allocates the tax levy for debt service and operations tied to Heritage Park; staff said 30 cents of the 2.7294 rate is authorized for park operations. Using Maricopa County assessed valuations and illustrative home values, staff presented a range of annual impacts to homeowners in the district from about $4.10 at the low end to roughly $1,000 at the high end depending on assessed value. "No. Once the debt final debt payment is made, that tax levy will go away," Andrea said when asked whether residents would continue to pay the levy after debt retirement; staff estimated roughly 20 years remain on the repayment schedule.

Board members asked how homebuyers are informed about the levy; staff said notice is included in the home purchase documents and often appears during title work, and that information is also available on the Marley Park HOA website. The board approved resolution MPCFD 2025-01 (tentative expenditure limitation budget) by unanimous vote and scheduled final budget adoption for June 3 with the property tax levy adoption targeted for June 17.

The tentative budget action preserves the district—urrent levy and funding plan while allowing public comment and a final vote in June; staff said no immediate projects or new developer reimbursement submittals are pending.