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NEWS RELEASE

City of Goodyear, Arizona

Communications Office

           

For Immediate Release: June 16, 2010

 

 

Goodyear adopts budget, reduces property tax

 

GOODYEAR, ARIZ. (June 16, 2010)  Goodyear City Council has approved a $255 million budget that includes a cut in city property taxes.

 

The final budget for fiscal year 2010-11, adopted Monday by council, reduced the property tax rate to about $1.42 from the $1.60 limit per $100 of assessed valuation for the city's share of the property tax collected by Maricopa County. The new $1.42 rate will result in a $0.76 primary rate and a $0.66 secondary rate. The change will reduce property taxes for residents without impacting the city's ability to continue delivering programs and services, as any shortfalls will be paid from a reserve account in the City's Enterprise Fund.

 

The $255 million budget approved represents a 32 percent decrease from the previous year's budget, with the lion's share of cuts coming from reductions in the city's capital improvement plan, or CIP. The approved budget includes an operating budget of $70.8 million, a 2.8 percent decrease from the 2009-10 budget of $73 million.

 

The budget was arrived at after city staff dedicated long hours to finding ways to do more with less, while continuing to provide the high level of service that is vital to the quality of life for Goodyear residents. The budget also reflects contributions from our citizens, many of whom generously offered their time and energy serving on the Citizens Budget Committee and attending many meetings over the course of the past several months. Councilmembers provided the policy direction and feedback needed to ensure that outstanding services continue to be provided and vital community needs are met. 

 

 


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City of Goodyear • 190 N. Litchfield Road • Goodyear AZ 85338 • Phone 623-932-3910 • Toll-Free 1-800-872-1749