COUNCIL ADOPTS TENTATIVE BUDGET FOR FY 2025-2026: At the June 10th meeting, the City Council received a presentation from our City Manager and staff on the proposed tentative budget for FY 2025-2026. The total proposed budget is $57,562,961.00 that includes $15 million in anticipated grant funding and a restricted fund balance of $3 million. Projected revenue growth from city sales tax remains conservative at 2.5% annually. After discussion and questions, the tentative budget was unanimously adopted by the Council.
The City’s budget continues to reflect the commitment of your Council and City staff to building a strong economic foundation for the future. We remain focused on upgrading our aging infrastructure, enhancing quality of life for residents, and expanding our housing stock to support sustainable growth.
General Fund Revenue Proposed Budget projections are as follows:
Sales Tax: $11,143,359.00
License & Permits: $703,980.00
State Shared Revenues: $3,450,902.00
Franchise Fees: $360,000.00
Charges for Service: $909,500.00
Fines & Forfeitures: $203,774.00
Misc Revenues: $1,256,517.00
Contributions: $1,000.00
Fund Balance Carry Forward: $4,298,938.00.
General Fund Expenses by Department:
Council: $415,560.00
Community Groups (Bed Tax): $250,000.00
Administration: $5,148,155.00
Fire: $4,290,488.00
Police: $6,524,691.00
Magistrate: $568,245.00
Public Works: $2,555,250.00
Museum: $408,514.00
Economic Development: $750,146.00
Community Center Pool: $359,201.00
Community Development: $508,224.00
Fleet Maintenance: $239,511.00
Enterprise Budget and Funds by Category:
Street Funds (HURF-Excise Tax-Bridge): $6,666,312.00
Water Fund: $8,615,469.00
Sewer Fund: $4,374,647.00
General Fund Property Tax and Levy. Projections show an increase in property tax levy from $538,328.00 to $541,935.00. This increase is due to increases in new construction only. Our primary property tax rate will be decreased from $1.2221 to $1.1892 per $100K valuation, keeping our tax levy the same as last year, showing no increase in property taxes to our residents in FY 2026 as promised.
The schedule for the adoption of the Final Budget is as follows:
June 18, 2025: Post Public Hearing for 2 consecutive weeks
July 8, 2025: Public Hearing on Final Budget and Tax Levy and adoption
July 29, 2025: Adoption of Property Tax Levy and Set Rate.
GENERAL FUND CONTINGENCY RESERVE POLICY: Council adopted a General Fund Contingency Reserve Policy in the amount of 3 million to ensure the city remains a financially stable organization by maintaining appropriate reserves. Adequate reserves protect the city from unanticipated funding needs caused by; significant economic downturns, consequences of outside agency actions, emergencies, such as natural disasters or catastrophic events. This policy also allows flexibility for unforeseen opportunities that allow the city to leverage reserves for long-term benefits.
RUIZ CANYON BRIDGE: Councilman Mike Pastor provided a background packet to the council and staff detailing the history of what is commonly referred to as Connie’s Bridge. To compile the information, Councilman Pastor spoke with numerous long-time residents of the neighborhood. After reviewing the materials and engaging in discussion, the council unanimously voted to name the new bridge “Ruiz Canyon Bridge.”
NO FIRST FRIDAY EVENTS SCHEDULED IN GLOBE FOR JULY 4TH: I encourage all residents of our community to attend and support the upcoming events in the Town of Miami for the 4th of July. Festivities will kick off with a parade at 9:00 am, followed by a full day of events taking place at downtown Veteran’s Park and swimming pool. Come out and enjoy the celebration while showing your support for our neighboring community.
Finish the day with the annual fireworks display, proudly presented by Freeport-McMoRan, at 9:00 pm. The fireworks will be launched from the hill across from Walmart – a perfect way to wrap up a day of community celebration.
COFFEE WITH THE MAYOR: Join us for this month’s Coffee with the Mayor on Wednesday, July 16 at 1:00 pm, hosted by Copper Cities Coffee, located at 1100 N. Broad St., Suite F. This is a great opportunity for residents to meet with the mayor, ask questions, and receive the most up-to-date and accurate information on city projects - past, present, and upcoming. Special thanks to Copper Cities Coffee for graciously hosting this event.