FISCAL YEAR 2014-2015 PROPERTY TAX LEVY FOR KRCFD RECOMMENDATION: ADOPT RESOLUTION KRCFD RES 14-026 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT, SUBJECT TO AD VALOREM TAXATION A CERTAIN TAX RATE 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 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; ALL FOR FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2015. 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 16, 2014 for the King Ranch Community Facilities District (City of Goodyear, Arizona) (KRCFD) relating to Fiscal Year 2014-2015. The property tax levy is required to be adopted by the District Board. (Sheila Mills, Special Districts & Taxation Administrator)

Committee

Community Facilities District

Introduced

June 2, 2014

On agenda

June 16, 2014

Passed

June 16, 2014