Title
FY25 General Fund Priorities - Adjusted Primary Rate
Discussion/Direction/Action: Increasing the General Fund Primary Property Tax Rate by up to 9.0 cents over the Administration’s recommended Tentative Budget level, while holding all other recommended tax rates the same, which would generate approximately $10.125M in additional revenue for the General Fund, while costing the average homeowner in Pima County an additional $20.16 for the year, or $1.68 a month. Such additional General Fund revenues would be devoted to the following:
1) Increasing our FY25 investment in Conservation/Open Space Acquisition by at least $1,500,000.00;
2) Increasing our FY25 investment in Affordable Housing by at least $1,500,000.00;
3) Increasing our Contingency Fund by at least $3,000,000.00 from its current level of only $690,677.00; and
4) Devoting the balance to the furtherance of any one or more policies laid out in the Prosperity Initiative. (District 2)