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Show Low adopts tentative FY2026 budget and expenditure limitation of $133.15 million; Shoal Bluff CFD adopts tentative $164,580 budget
Summary
Show Low’s council adopted the tentative FY2026 city budget and set an expenditure limitation of $133,146,984; the Shoal Bluff Community Facilities District board separately adopted a tentative district budget of $164,580.
The Show Low Mayor and Council voted unanimously to adopt the tentative budget and establish an expenditure limitation of $133,146,984 for the fiscal year ending June 30, 2026 (Resolution R2025-16). City staff asked that the tentative budget be advertised for two weeks and that final adoption be scheduled for June 17 with a public hearing.
Finance staff said the tentative budget includes a beginning fund balance of about $55 million, other financing sources of $8 million (unprogrammed grant capacity), interfund transfers, and operating revenues totaling about $81 million. Staff highlighted operating and capital assumptions: utility fee revenue projections (water $5.98M; wastewater $5.0M; sanitation $1.8M), a planned CPI-based sanitation rate increase on July 1, conservative local sales tax budgeting at 17.23% (staff noted actual collections ran higher in the prior year), and a $14.3 million allocation for early work on the proposed Show Low Sports and Event Center (reduced from a prior $16M figure due to expenditure limitation constraints).
Staff said $22 million of capital is shown for streets with a large portion budgeted for the anticipated Scott Ranch Road project; other capital projects listed include airport improvements and park turf projects (Nicholas Park, Timothy McKay Park), some contingent on federal/state grant awards. Personnel changes in the tentative budget include a handful of new or reclassified positions, slight adjustments to retirement contribution rates, and department-level staffing changes detailed by staff.
The council adopted the tentative budget by unanimous vote and the expenditure limitation will be published; final budget adoption remains scheduled for June 17 and later actions will include the streetlight improvement district tax levy and any required secondary property tax adoption.
Immediately after the council recess, the Shoal Bluff Community Facilities District Board met in special session and adopted a tentative district budget of $164,580. Staff said the CFD carries an annual debt service obligation (previously issued special assessment bond) with annual debt service around $150,780, 227 parcels in the district and an unbudgeted reserve of $297,768. The CFD board adopted its tentative budget and will hold a public hearing before final adoption on June 17.
