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Mohave County officials present structurally balanced FY26 budget built on tax-rate swap and one-time designations
Summary
County Manager Andrew Alters and CFO Luke Mornien recommended a structurally balanced FY2026 budget (Option B) that relies on a property-tax levy rate swap, a library-district sweep and other one-time moves while preserving a $50 million target fund balance and proposing a policy to set aside surplus for future capital.
Mohave County Manager Andrew Alters and Chief Financial Officer Luke Mornien presented the Board of Supervisors with a recommended, structurally balanced fiscal year 2026 budget on April 16, 2025, centered on a proposed tax-rate swap, a sweep of part of the library district balance and a set of both recurring and one-time adjustments.
The recommended package, labeled Option B in staff materials, would raise the county’s primary property tax levy rate modestly by shifting levy authority from the county library and TV districts into the general fund while keeping overall property tax bills unchanged at fixed property values. Mornien said the swap — a 6-cent shift in combined levy rate — would generate roughly $1.6 million for the general fund; combined with increased assessed values and a higher assumed collection rate, staff estimate about $5.1 million in increased property tax revenue for FY26.
Mornien said staff designed Option B to be sustainable across a five-year projection and to deliver a…
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