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Flagstaff finance staff outline tax and bond tools: voter measures, secondary capacity and primary levy options
Summary
Finance staff reviewed the city's revenue toolbox — transaction privilege (sales) taxes, secondary property‑tax capacity for GO bonds and primary levy growth options — and asked the council whether to post the 60‑day notice for a potential primary‑tax levy increase ahead of the April retreat.
At the Feb. 14 retreat, Flagstaff finance staff presented an overview of the city’s revenue toolbox, including transaction‑privilege (sales) tax options, the role of secondary property tax capacity for general obligation (G.O.) bonds and the rules that govern primary property‑tax levies.
Brandy Soodles, the city’s finance director, explained that G.O. bonds require voter approval and are typically repaid with a secondary property‑tax levy. She said the city’s current secondary levy policy is 0.8 per $100 of assessed…
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