Buckeye community facilities districts adopt final budgets; tax levy deferred
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Summary
The boards for the City of Buckeye’s community facilities districts on June 3 approved final budgets that set spending limits for fiscal year 2026 but did not set property tax rates or authorize bonds; the levy and any bond actions are scheduled for a later meeting.
The boards for the City of Buckeye’s community facilities districts adopted final budgets for fiscal year 2026 on June 3, 2025, setting spending limits while deferring any decision on property tax rates, levies or bond authorizations.
City staff explained the action is the second phase in the districts’ three-phase budget and tax process and only establishes the upper spending limits for the fiscal year ending June 30, 2026. "Tonight is the second phase of the three-phase process the city is using for adoption of the budget and property tax levy," said Larry Price, a city staff member presenting the item.
The adoption matters because it fixes how much each community facilities district (CFD) can spend in the coming fiscal year without setting the tax rate that would raise the revenue. Price told the boards that the tentative budget was adopted May 20, public notices and the budget exhibit were published twice as required, and property owners were given the opportunity to comment before the final adoption.
Price also emphasized what the final-budget vote does not do: it does not adopt a property tax rate or levy, and it does not authorize general obligation bonds or special-assessment-district revenue bonds. Those measures "will come to you under separate cover for separate actions at a future meeting," he said.
The boards opened a public hearing on the final budgets; no members of the public requested to speak, and the hearing was closed. An unnamed board member moved to approve item 2(a); the motion was seconded. The boards voted to approve the final budgets, and the clerk announced the motion passed unanimously.
The meeting also approved the consent agenda (items 3(a) through 3(l)) by single motion and unanimous vote. With no further business, the boards adjourned. A future meeting in approximately two weeks is scheduled to consider adopting the property tax rate and levy for the districts and any related bond authorizations.