Yuma County’s proposed budget for FY 2021-2022 has come out as $464M, up 58 percent from the year before.
No property tax increase was recommended.
Assessed property values increased by $79M, up 6.15 percent. New construction was up 63.8 percent to $13.3M.
The general fund balance currently sits at 39 percent, significantly exceeding the recommended 20 percent to be considered “healthy”. Some potential uses for the additional funds could include $11M to pay off debt or reduce future building debt, and a $4.5M loan to the Greater Yuma Port Authority to develop vacant land and lots in the industrial park.
The budget references several capital projects, including the new Administration Building on Main Street. Other projects include a facility for Information Technology Services, renovation and repair for existing facilities, the Foothills Multipurpose Complex and numerous road and flood control projects.
The Board of Supervisors will probably adopt the budget on June 7th. (Source)