Council to hold a public hearing and take action on Resolution No. 28-26 adopting the Final Budget for the attached Street Lighting Improvement Districts (SLIDs) for fiscal year 2027 beginning July 1,
Extracted text (via pymupdf)
2331 characters
6.C CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 06/02/26 AGENDA ITEM: 6.C. FIN - Resolution No. 28-26 Approving SLID Final Budgets for Fiscal Year 2027 DATE PREPARED: 05/28/26 DISTRICT NO.: SLIDs STAFF LIAISON: Larry Price, Special Districts Manager, lprice@buckeyeaz.gov, (623) 349-6164 DEPARTMENT: Financial Services AGENDA ITEM TYPE: Public Hearing and Non Consent - New Business Items ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to hold a public hearing and take action on Resolution No. 28-26 adopting the Final Budget for the attached Street Lighting Improvement Districts (SLIDs) for fiscal year 2027 beginning July 1, 2026 and ending June 30, 2027, by the Governing Body of the SLIDs. GOALS AND OBJECTIVES FOR THE STRATEGIC PLAN FOCUS AREAS: Fiscal Responsibility SUMMARY PROJECT DESCRIPTION: Street Lighting Improvement Districts (SLIDs) are established with the approval of the City Council. The Council serves as the Governing Board of the SLID and the City administers the operations of the SLID which are for the purpose of operating and maintaining street lighting located with the SLID. By Arizona law, SLIDs cannot incur debt. The SLID assessment is made upon each property within the District and is collected through the Maricopa County property tax system. The assessed amount for energy costs for all SLIDs, is $647,700 for fiscal year 2027. BENEFITS: The establishment and operation of SLIDs contributes to community safety by ensuring that streets are well lighted and that power supplied by the electric utility is paid for by the residents benefitting from the street lighting adjacent to their home and neighborhood. FUTURE ACTION: Council action to adopt annual assessment levy ordinance scheduled for June 16, 2026. FINANCIAL IMPACT STATEMENT: Adopting the final budget in the amount of $647,700 allows the City to assess the SLIDs for the energy costs. Without the assessment, the City would be required to pay the energy costs without a dedicated revenue source. CURRENT FISCAL YEAR TOTAL COST: N/A BUDGETED: Yes FISCAL YEAR: 2027 FUND/DEPARTMENT: 3150 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: RES_28-26_SLID_Adopt_Final_Budget_FY_2027.pdf