By Blake Herzog for Yuma Sun
City of Yuma staff presented to the city council May 26 a $212M operational budget with a higher tax levy to account for increasing state spending mandates, pension burdens and rising health insurance costs.
The budget proposal includes erasing the property tax cuts given to residents in 2012 and 2013 and going to the maximum level allowed by the state, with an $11.7M levy and a tax rate of $2.2440 per $100 assessed valuation.
Next fiscal year’s proposal includes a $176M operating budget and $36M capital budget.
“You’ll see in your budget, because of what the state’s done to us we can’t afford those tax cuts anymore, and we’re recommending rolling those back,” City Administrator Greg Wilkinson said.
The total budget adopted for the current fiscal year, which ends June 30, was $200.5M, including an operating budget of $164.9M and a capital improvement program of $36.3M. The current property tax rate is $1.8281 per $100 assessed valuation.
The council will discuss the budget again during a work session next week and is scheduled to adopt the tentative budget June 2. That will set the cap for the final budget, which will be sent to the council for approval June 16. Further work sessions could be held in the meantime.
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