CFD GO BOND 2026 Festival Presentation.pptx

City of Buckeye
Finance Department
Festival Ranch CFD 
General Obligations (G.O.) Bond 
May 19, 2026

Festival Ranch G.O. Bond: Overview 
Finance
1
The FY2027 Budget includes a proposed issuance of new General Obligation (GO) 
Bonds.
The FY2027 Bond amount: Not to exceed $7,110,000.
Bonds will have a 20-year term with an estimated interest rate of 5%.
Bond proceeds will fund ; Water Well #4 and Water Booster Pump #4 improvements 
and concrete and paving improvements within the District.

Festival Ranch CFD G.O. Bond: Impact on Tax Rate – Debt Service
Finance
2
The estimated annual 
debt service tax rate
for FY2027 is $2.9691.
This represents a 
decrease of $0.0061
from the FY2026 rate 
of $3.0030.
The decrease reflects 
a 1.1289% decrease in 
the debt service tax 
rate.

Festival Ranch CFD G.O. Bond: Combined Tax Rate Summary 
Finance
3
The total combined tax rate for FY2027 is 
projected to be $3.2691.
This is a 1.0263% decrease 
compared to the FY2026 combined 
rate of $3.3030.

Festival Ranch CFD G.O. Bond: Community Outreach
Finance
4
Outreach to residents will be conducted through the Sun City Festival 
Neighborhood Reps Meeting.
Outreach to residents will be conducted through the Sun City Festival 
Neighborhood Reps Meeting.
The meeting will include updates on, the Festival Ranch CFD and In-
process infrastructure projects listed in the Feasibility Report
The meeting will include updates on, the Festival Ranch CFD and In-
process infrastructure projects listed in the Feasibility Report
This meeting has been a trusted forum for keeping residents informed 
on CFD-related matters.
This meeting has been a trusted forum for keeping residents informed 
on CFD-related matters.
Using this established communication channel ensures transparency 
and consistent engagement with the community.
Using this established communication channel ensures transparency 
and consistent engagement with the community.

Questions
Finance
6