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Paradise Valley board adopts $483 million FY26 budget, holds Truth in Taxation hearing
Summary
The Paradise Valley Unified School District Governing Board approved the fiscal year 2026 budget and expenditure of insurance proceeds, held a Truth in Taxation hearing on the district's adjacent-ways levy and noted an expected drop in the district tax rate.
The Paradise Valley Unified School District Governing Board unanimously approved the district's fiscal year 2026 annual budget and the expenditure of insurance proceeds after a public Truth in Taxation hearing.
At the July meeting, a staff presenter summarized that the district's total budget for fiscal year 2026 is “just under” $483,000,000 and that the district's tax rate is expected to fall by a little more than $0.41 per $100 of assessed value. The district also announced an adjacent-ways levy of $1,075,000 for the coming year; those funds fund public-way projects such as sidewalks, sewers, utility lines and safe ingress and egress to schools.
Board members asked for clarifications on parts of the presentation, including the district's approach to adjacent-ways projects (repair, seal or replace…
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