CFD GO BOND Festival Presentation.pdf

City of Buckeye
Finance Department
Festival Ranch CFD 
General Obligations (G.O.) Bond 
May 20, 2025

Festival Ranch G.O. Bond: Overview 
Finance
1
The FY25-26 Budget includes a proposed issuance of new General Obligation (GO) 
Bonds.
The FY 25-26 Bond amount: Not to exceed $6,000,000.
Bonds will have a 20-year term with an interest rate of 5%.
Bond proceeds will fund approximately  11,000 linear feet of arterial roadway including 
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 FY25-26 is 
$2.9970.
This represents an 
increase of $0.1011 
from the FY24-25 rate 
of $2.8959.
The increase reflects a 
3.5% rise in the debt 
service tax rate.

Festival Ranch CFD G.O. Bond: Combined Tax Rate Summary 
Finance
3
The total combined tax rate for FY25-26 is 
projected to be $3.2970.
This is a 3.2% increase compared to 
the FY24-25 combined rate of 
$3.1959.

Festival Ranch CFD G.O. Bond: Community Outreach
Finance
4
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
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.

Festival Ranch CFD G.O. Bond: Map
Finance
5

Questions
Finance
6
Questions?