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Joint CFD board previews $23 million bond for Estrella Mountain Ranch; FY2026 budgets otherwise flat
Summary
A joint board for multiple community facilities districts (CFDs) opened a public hearing June 9 on fiscal year 2026 budgets and heard that, aside from a planned bond for Estrella Mountain Ranch, most district budgets will be flat year over year.
A joint board for multiple community facilities districts (CFDs) opened a public hearing June 9 on fiscal year 2026 budgets and heard that, aside from a planned bond for Estrella Mountain Ranch, most district budgets will be flat year over year.
Finance staff told the board that “Estrella Mountain Ranch is probably the one that sticks out on this, and that’s because we plan on programming the issuance of a $23,000,000 bond issuance,” and that without that programmed issuance “the budget would be essentially flat year over year.” The board conducted the hearing, received no public comment, and closed the hearing; the final budget adoption and property tax levy vote will occur at subsequent statutorily required meetings.
Why it matters: CFDs use voter- or developer-backed special…
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