At a Prescott Valley board meeting, members voted unanimously to authorize the chairman to sign resolutions adopting tentative budgets for six community facilities districts and to provide notice of public hearings for June 26, 2025.

The action covers tentative budgets and public-hearing notices for the Entertainment, Parkway, Pronghorn Ranch, Quailwood Meadows, Stoneridge and Southside Community Facilities Districts (CFDs). The board took each item in turn and approved the resolutions by voice vote, with no recorded objections.

During a short staff presentation, Ms. Morris, a town representative, said Raven Ridge is not included on the slide because “That CFD has completed its business and has dissolved, so that 1 is not shown on the slide.” She described four CFDs supported by a property-tax levy and said assessed limited value comparisons between 2025 and 2026 produced property-tax-rate reductions in all instances. According to the presentation, the average change per property owner ranged from about $2 to $23. The staff presentation also noted an assessment district on the South Side that is billed per parcel rather than by property value and that its debt service is scheduled to end in 2032.

The Entertainment CFD was described differently from the others: staff said its budget estimates include facility revenues, contributions and expenditures, and that capital-improvement requests this year were “about half” of last year’s requests. The transcript includes figures that appear inconsistent and unclear; the precise dollar amounts were not specified in the meeting record.

The board approved separate motions to authorize the chairman to sign each resolution and to provide notice of the June 26 public hearing. Each motion was seconded and passed by unanimous voice vote.

Actions taken and the associated resolutions are as follows: the board authorized the chairman to sign the resolution adopting the Entertainment Center CFD tentative budget and providing notice of a June 26, 2025 public hearing (Resolution No. 2025-39); to sign the Parkway CFD tentative budget and notice (Resolution No. 2025-42); the Pronghorn Ranch CFD tentative budget and notice (Resolution No. 2025-55); the Quailwood Meadows CFD tentative budget and notice (Resolution No. 2025-46); the Stoneridge CFD tentative budget and notice (Resolution No. 2025-56); and the Southside CFD tentative budget and notice (Resolution No. 2025-47).

No public comments or dissenting remarks on the CFD budgets were recorded in the meeting transcript. Staff indicated a representative for the Entertainment CFD was present to answer project-specific questions if the board had any.

The board closed the item after the votes and moved on to other business.