2015-16 Budget Trends and Impacts Distribution of Pinal County - - PowerPoint PPT Presentation

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Jun 12, 2023 283 likes •407 views

2015-16 Budget Trends and Impacts Distribution of Pinal County Property Tax Revenue 2014-15 Other 13% Cities & Towns 7% School Districts 41% Central Arizona College 14% County Government 25% STATE APPROPRIATION HISTORY

SLIDE 1

2015-16 Budget Trends and Impacts

SLIDE 2

School Districts 41% County Government 25% Central Arizona College 14% Cities & Towns 7% Other 13%

Distribution of Pinal County Property Tax Revenue 2014-15

SLIDE 3

2,000,000 4,000,000 6,000,000 8,000,000 10,000,000

STATE APPROPRIATION HISTORY

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State Appropriations 2014-15 and 2015-16 2014-15 2015-16

Difference Operating Fund

$2M $1.9M ($100K)

STEM

$1M $100K ($900K)

Penalty

$1.5M ($1.5M)

Net

$3M $500K ($2.5M)

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$40 $45 $50 $55 $60 $65 $70 $75 $80 $85 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

General Tuition per Credit Hour - AZ Resident

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Increasing Revenue

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Primary Tax Rate FY 94-95 through FY 14-15

0.0000 0.2500 0.5000 0.7500 1.0000 1.2500 1.5000 1.7500 2.0000 2.2500

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Estimated Primary Tax Levy

Rates Per $100 Net Assessed Valuation Primary Tax Levy

1.9103 2.30

Secondary Tax Levy

0.353 0.3498

TOTAL PROPERTY TAX LEVY

2.2633 2.6498

Rates Per $100 Net Assessed Valuation Primary Tax Levy

1.9103 2.7568

Secondary Tax Levy

0.353 0.3498

TOTAL PROPERTY TAX LEVY

2.2633 3.1066

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Pinal County’s Investment in the Future

Per $100,000 of Assessed Value

 $38.97increase per

year or

 $3.25 per month or  $0.81 per week

$0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0

2014-2015 Tax Levy 2015-2016 Tax Levy

$191.0 $2.30

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Pinal County School Districts

Elementary School Districts: Casa Grande Elementary $3.60 Red Rock Elementary $2.60 Eloy Elementary $4.93 Sacaton Elementary $0.00 Toltec Elementary $3.76 Stanfield Elementary $2.24 Picacho Elementary $2.62 Union High School Districts: Casa Grande UHSD $3.05 Santa Cruz Valley UHSD Unified School Districts: Florence Unified $7.15 Maricopa Unified $6.63 Coolidge Unified $5.99 Vocational Education District: CAVIT $0.05 Community College District: CAC $2.65

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Economic Impact Study Highlights

For every $1.00 spent:

Taxpayers see a return of $1.30 (in the form of higher

tax receipts and avoided costs)

State and local governments see an annual rate of return
f $6.90
Students gain $6.00 in lifetime income

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