CLARKDALE – The Town of Clarkdale will be holding the first open session of the 2018-2019 budget process on April 23 at 9 a.m.
The budget will be on the agenda again at the May 8 council meeting and will hold other sessions throughout May and June. Changes to property taxes will be discussed during the first session. The final session is scheduled for June 26 and the adoption is slated for July 24.
• BUILDING PERMIT REVENUES: 150 percent above budgeted revenue of building permits
“Any time construction is strong we do tend to see that. We are projecting construction will continue to be a factor for next year as to this year,” Town Manager Gayle Mabery said.
• LOCAL SALES TAX BUDGET INCREASE: 6 percent
• LOCAL REVENUE COLLECTIONS: 6 percent above local sales tax collections
Why: Being driven heavily by construction and growth
• PROPERTY TAX REVENUE: $9,860 (If council chooses to continue to levy the maximum available under Arizona law: an additional $10,478)
• STATE SHARED INCOME TAX DECREASE: 1.45 percent
Why: The decrease is due to corporate tax cuts enacted by State Legislature in the past few years.
• HIGHWAY USER REVENUE FUND DECREASE: 2.52 percent
• STATE SHARED SALE TAX INCREASE: 5.19 percent
“Statewide sales tax collections have recovered nicely this year,” according to Mabery.
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