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Rancho Sarita district board adopts $9.23 million tentative FY2026 budget
Summary
The Rancho Sarita Community Facilities District board adopted a balanced tentative budget for fiscal year 2026 that sets the town's ceiling for spending and schedules a public hearing for final adoption June 23, 2025.
The Rancho Sarita Community Facilities District board adopted a tentative fiscal year 2026 budget of $9,233,410 and scheduled a public hearing for final adoption on June 23, 2025.
The tentative budget, presented by AC Mariotti, the district treasurer (serving as acting district manager for the meeting), “sets the budget ceiling for the year ahead,” he said, and cannot be exceeded by the final adoption. Mariotti told the board the district’s budget is balanced and that 79% of next year’s resources come from beginning fund balances, most driven by unspent bond proceeds.
Nut graf: The district — formed in 2014, encompassing 943 acres entirely inside the Town of Sahuarita — has used debt to finance infrastructure. Mariotti said the district’s assessed valuation rose and that bond proceeds are being spent on roadway and sewer acquisitions; the board was asked to approve the tentative budget to preserve the district’s legal timeline for final adoption.
The treasurer told the board the district currently reports a 32% residential buildout with 1,035 residential lots and that total assessed valuation in the district is about $31.7 million, a 30% increase over the prior year. He said voters previously authorized $60 million in bonding capacity; $26 million remains outstanding and about $31.9 million of capacity is still available.
On revenues, Mariotti said property tax collections are expected to bring in about $1.5 million next year. The combined tax rate is $4.99 per $100 of assessed valuation, with $4.69 allotted to debt service and $0.30 to operations and maintenance. He estimated the average homeowner would pay about $33 more next year — a 3% increase — due to valuation growth even though the tax rate is unchanged.
On spending, Mariotti said capital outlay is the largest category at about $7.3 million (79% of the budget), mostly for infrastructure acquisition including roadways and a railroad crossing; debt service totals about $1.9 million (20%) and operations about $53,000 (1%). He said the district expects to spend essentially all resources during the year and therefore shows no ending fund balance.
The board voted unanimously to adopt Resolution No. 2025-533 approving the FY2026 tentative budget and to file the tentative budget with the town clerk and post it on the district website. The public hearing for final budget adoption was set for June 23, 2025.
Ending: The adoption establishes the spending ceiling and begins the formal public-notice process ahead of the final budget hearing on June 23.
