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 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000
State Appropriations 2014-15 and 2015-16 Difference 2014-15 2015-16 Operating $2M $1.9M ($100K) Fund STEM $1M $100K ($900K) Penalty $1.5M ($1.5M) Net $3M $500K ($2.5M)
General Tuition per Credit Hour - AZ Resident $85 $80 $75 $70 $65 $60 $55 $50 $45 $40 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
Increasing Revenue
Primary Tax Rate FY 94-95 through FY 14-15 2.2500 2.0000 1.7500 1.5000 1.2500 1.0000 0.7500 0.5000 0.2500 0.0000
Estimated Primary Tax Levy 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 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
Pinal County’s Investment in the Future Per $100,000 of Assessed Value $38.97increase per $300.0 year or $250.0 $3.25 per month or $200.0 $2.30 $150.0 $0.81 per week $191.0 $100.0 $50.0 $0.0 2014-2015 2015-2016 Tax Levy Tax Levy
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
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 of $6.90 • Students gain $6.00 in lifetime income
Thank You.
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