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STRATEGIC OUTCOMES |
ACTION |
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Department: |
☐ Safe & Prosperous |
☐ Motion |
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Finance |
☐ Active & Appealing |
☐ Resolution |
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☒ Respected & Responsible |
☒ Ordinance - Introduction |
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Division: |
☐ Connected & Engaged |
☐ Ordinance - Adoption |
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Administration |
☐ Unique & Creative |
☐ Public Hearing |
TITLE: t
Adopt the Fiscal Year 2026 City of Yuma Primary Property Tax Levy, the Main Street Mall and Off-Street Parking Maintenance District No. 1 Property Tax Levy, and 13 Municipal Improvement District Tax Levies
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SUMMARY RECOMMENDATION: Summary Recommendation
Adopt the Fiscal Year 2026 Primary Property Tax Levy, the Main Street Mall and Off Street Parking Maintenance District No. 1 Property Tax Levy, and 13 Municipal Improvement District Tax Levies. (Administration/Finance) (Jay Simonton/Douglas Allen)
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STRATEGIC OUTCOME:
The community relies on the City to provide core and other necessary services consistent with City Council’s strategic outcome of Respected and Responsible.
REPORT:
The City of Yuma Fiscal Year 2026 Adopted Annual Budget is based in part upon an estimated primary property tax levy that is anticipated to raise $17,291,632 in tax revenue. This estimate is derived from the assessed valuation as of February 2025 provided by the Yuma County Assessor and multiplied by a tax rate of $2.1450 on each $100.00 of assessed valuation. The tax rate increased from the Fiscal Year 2025 rate of $2.1321. City Council adoption of this ordinance reflects an increase of the tax levy by $358,189 attributable to new construction.
The levy ordinance for introduction is drafted at the maximum allowed levy for FY 2026 as posted for the truth-in-taxation public hearing notice. At the conclusion of the public hearing, City Council will have a roll call vote on the levy amount. The levy approved by City Council with the roll call vote will be the rate introduced in the Ordinance.
There has been no secondary property tax levy since 1992.
The tax rate for the Main Street Mall and Off-Street Parking Maintenance District No. 1 is $4.3500 on each $100.00 of assessed valuation, which is higher than the Fiscal Year 2025 tax rate of $4.2750. The levy is anticipated to increase approximately $3,023 to $159,131 in tax revenue for Fiscal Year 2026. The City of Yuma will also contribute approximately $200,645 to District No. 1 Mall Maintenance in Fiscal Year 2026.
The City will assess 13 Municipal Improvement Districts. The districts, their associated rates and levy are as follows:
The statutory combined Public Hearings on the Budget and tax levies were held on June 18, 2025, and subsequently City Council adopted the Final Budget of Estimated Revenues and Expenditures for Fiscal Year 2026 by Resolution. Introducing and adopting this tax levy ordinance will complete the Fiscal Year 2026 Budget process in accordance with state law and the Yuma City Charter.
FISCAL REQUIREMENTS:
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CITY FUNDS: |
$ 0.00 |
BUDGETED: |
$ 0.00 |
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STATE FUNDS: |
$ 0.00 |
AVAILABLE TO TRANSFER: |
$ 0.00 |
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FEDERAL FUNDS: |
$ 0.00 |
IN CONTINGENCY: |
$ 0.00 |
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OTHER SOURCES: |
$ 0.00 |
FUNDING: ACCOUNT/FUND #/CIP |
TOTAL $ 0.00
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To total; right click number & choose “Update Field” |
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FISCAL IMPACT STATEMENT:
NONE
ADDITIONAL INFORMATION:
SUPPORTING DOCUMENTS NOT ATTACHED TO THE CITY COUNCIL ACTION FORM THAT ARE ON FILE IN THE OFFICE OF THE CITY CLERK:
NONE
IF CITY COUNCIL ACTION INCLUDES A CONTRACT, LEASE OR AGREEMENT, WHO WILL BE RESPONSIBLE FOR ROUTING THE DOCUMENT FOR SIGNATURE AFTER CITY COUNCIL APPROVAL?
☐ Department
☒ City Clerk’s Office
☐ Document to be recorded
☐ Document to be codified
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Acting City Administrator: |
Date: |
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John D. Simonton |
06/10/2025 |
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Reviewed by City Attorney: |
Date: |
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Richard W. Files |
06/08/2025 |