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Merrill Ranch CFDs adopt levies and budgets covering debt service and operations
Summary
The board adopted budgets and levies for Merrill Ranch Community Facilities Districts (CFD) 1 and 2, approving combined levy rates and the FY26 budgets for each district.
The Florence governing body, acting in its capacity for Merrill Ranch Community Facilities District No. 1 and No. 2, held public hearings and adopted the budgets and levies that fund debt service, capital improvements and district administration.
Merrill Ranch CFD No. 1: Finance Director Carl Dunning reported a required debt service levy of $2.25 per $100 of net assessed value and an administrative levy of $0.30, producing a combined levy of $2.55 per $100 that will generate an estimated $1,426,768.27. The final budget for CFD No. 1 was set at $8,535,539.
Merrill Ranch CFD No. 2: Dunning reported a combined levy of $2.971 per $100 of net assessed value (debt service $2.671 plus admin $0.30), estimated to generate $1,244,274.75 for FY26. Council moved and approved the budget resolution for CFD No. 2.
Why this matters: The CFD levies are separate secondary property taxes that pay for infrastructure and debt service tied to the Merrill Ranch developments. The council held the required public hearings and noted written correspondence from Florence Copper was entered into the record for CFD No. 1.
Action: Council voted to adopt the budgets and the levy ordinances (first reading/public hearing and subsequent adoption motions were taken on record).
