FISCAL YEAR 2016-2017 PROPERTY TAX LEVY FOR COMMUNITY FACILITIES GENERAL DISTRICT NO. 1 RECOMMENDATION: ADOPT RESOLUTION CFGD#1 RES 16-174 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE GOODYEAR COMMUNITY FACILITIES GENERAL DISTRICT NO. 1, SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH ONE HUNDRED DOLLARS ($100.00) OF VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET, FOR THE PURPOSE OF PAYING FOR VARIOUS OPERATING AND DEBT SERVICE EXPENSES; TO RAISE THE AMOUNT ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET, LESS THE AMOUNT ESTIMATED TO BE RECEIVED FROM OTHER SOURCES OF REVENUE; PROVIDING FUNDS FOR THE PURPOSE OF PAYING PRINCIPAL AND INTEREST UPON BONDED INDEBTEDNESS; ALL FOR FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2017. PURPOSE: Arizona State law requires governmental agencies to adopt their property tax levy on or before the third Monday in August each year. The District Board adopted the final budget on June 27, 2016 for the Goodyear Community Facilities General District No. 1 (City of Goodyear, Arizona) relating to Fiscal Year 2016-2017. The property tax levy is required to be adopted by the District Board. (Rebecca Chitwood, Controller)

Committee

Community Facilities District

Introduced

June 7, 2016

On agenda

June 27, 2016