CFD Presentation 5.20.25 Board meeting.pdf

City of Buckeye
Finance Department
CFD Consent Agenda 
Preview 
May 20, 2025

FY 25-26 Tentative Budget Adoptions 
Finance
1
• Anthem*
• Elianto*
• Mirielle*
• Festival Ranch
• Floreo at Teravalis
• Sundance 
• Tartesso West
• Verrado #1
• Verrado Western Overlay
• Watson Road 
• Westpark
* Formed but no development

CFDs Formed – No Development   
Finance
2
FY2025 
Budget
FY26 
Budget
O&M Tax 
Rate
Debt Service 
Tax Rate
Anthem
$6,600
$6,500
$0.30
$0.00
Elianto
$6,400
$6,500
$0.30
$0.00
Mirielle
$6,500
$6,000
$0.30
$0.00

CFD Budgets
Finance
3
FY2025 
Budget
FY2026 
Budget
% Change 
FY2025 
Assessed 
Valuation
FY2026 
Assessed 
Valuation
% Change 
Festival Ranch 
$24,602,671
$18,483,700
(24.88%)
$136,959,496
$147,128,666
7.42%
Floreo at Teravalis
$6,500
$11,579,600
17,881.69%
$284,782
$349,508
22.73%
Sundance
$15,013,317
$2,934,700
(80.44%)
$96,513,689
$101,391,382
5.05%
Tartesso West
$8,594,718
$2,252,000
(73.8%)
$54,790,386
$57,433,435
4.82%
Verrado #1
$21,543,632
$7,858,700
(63.53%)
$215,384,054
$232,008,265
7.72%
Verrado Western Overlay
$10,417,337
$1,259,100
(87.92%)
$27,992,418
$30,975,747
10.66%
Watson Road 
$6,255,370
$7,237,400
15.70%
$77,381,706
$90,077,873
16.41%
Westpark
$10,223,621
$8,617,100
(15.71%)
$18,374,004
$19,608,805
6.72%

CFD Tax Rates
Finance
4
FY2025 
O&M Rate
FY2025 
Debt Service 
Rate
FY2025 
Total Rate 
FY2026 
O&M Rate
FY2026 
Debt Service 
Rate
FY2026 
Total Rate
% Change 
FY25 and 
FY26
Festival Ranch 
$0.3000
$2.8959
$3.1959
$0.3000
$2.9970
$3.2970
3.16%
Floreo at Teravalis
$0.3000
$0.0000
$0.3000
$0.3000
$0.0000
$0.3000
0%
Sundance
$0.3000
$1.8906
$2.1906
$0.3000
$1.6272
$1.9272
(12.03%)
Tartesso West
$0.3000
$3.0041
$3.3041
$0.3000
$2.8597
$3.1597
(4.37)
Verrado #1
$0.3000
$3.0036
$3.3036
$0.3000
$2.8764
$3.1764
(3.85%)
Verrado Western Overlay
$0.3000
$4.7328
$5.0328
$0.3000
$3.2577
$3.5577
(29.37%)
Watson Road 
$0.3000
$0.0000
$0.3000
$0.3000
$0.0000
$0.3000
0%
Westpark
$0.3000
$2.8325
$3.1325
$0.3000
$3.3467
$3.6467
16.42%

Questions
Finance
5
Questions?