The Surprise City Council adopted a $304.7 million Fiscal Year (FY) 2016 Budget, Tuesday night, that addresses immediate operational needs, continues service increases and maintains the property tax rate.
The budget also raises the city’s reserves by 14% to $17 million.
Other highlights include:
- Pavement Preservation
- Maintains Dial-A-Ride service expansion; continues Express Route 571
- 18 new full time positions (Police, Fire-Medical, utilities, general government operations)
- Surprise Regional Library operations (required by previous county agreement)
- Vehicle and Asset Replacement
Council also agreed to maintain the FY15 property tax rate at $.07591 per $100 of assessed valuation.
While Council’s action maintains the property tax levy for FY16, home valuations have increased. Home valuations are set by the Maricopa County Assessor. While the tax rate has not changed, higher home valuations will result in a 2.6%, or $171,600, increase year-over-year. The annual increase on a $100,000 home would be $1.93.
Council will formally adopt the property tax levy on June 16.
The complete FY16 Budget will be posted online at www.surpriseaz.gov.