The Eloy City Council held a special session on June 25, 2026, at 4:45 p.m. (meeting called to order at approximately 5:38 p.m.) to conduct two public hearings and adopt the final budget for Fiscal Year 2026-2027. The council heard presentations on the proposed primary property tax rate and the annual budget, discussed state shared revenue losses, and voted unanimously to adopt Resolution No. 26-1668 approving a $101,339,705 budget.
Good evening and welcome to tonight's special Eloy City Council meeting. It is Tuesday, June 25th, 2026, and the time is approximately five thirty-eight p.m. Madam Clerk may have a roll call, please. Councilmember Galindo here. Councilmember Garcia? Present. Councilmember Snyder? Here. Mayor Sutton. Here. All right, this time can we rise for a moment of silence and I will lead with the pledge. I don't think we have any public appearances tonight. So we will go straight to item number six, business possible discussions and actions on the following. This time I'd like to open a public hearing on property tax fiscal year twenty twenty-six, twenty twenty-seven. Mr. Mayor, members of council, public. Um actually tonight uh the city of Eloy uh is a requirement that we hold a public hearing regarding the twenty the property taxes, the primary property taxes for fiscal year twenty-six twenty-seven. The city did um publish in the local paper um on June 11th and June 18th. Um the property tax notice. It's required by law that we do that. Uh the primary property tax we're looking at for fiscal year twenty-six twenty-seven is ninety-eight point or ninety-eight cents on it, so it's exactly point nine eight four eight per hundred dollars cess valuation. That uh proposed rate will generate about thirty-one thousand two hundred and eighty dollars more or two percent exclusive of new construction. This increase in revenue primary the primary revenue will be assessed on the valuations. Home assessed value on a property honor will be about ninety-eight dollars and forty-eight cents a year for the city of Eli. This is approximately about uh seventy-nine cents less than it was last year, which was ninety-seven dollars and sixty-seven cents. Um the primary property tax will be coming before council uh through an ordinance on July thirteenth at six at the regular council meeting at six PM. Thank you. Any questions or comments from Mr. Wright? Just Brian, w do you happen to know I know the the total amount that we'll lose with a shared revenue tax, but what percentage is that would would an increase in this tax kind of help us make up the money we're losing from the shared revenues? Um Mr. Mayor member uh councilman Glindo. This increase uh from last year's property tax rate to this one's about a 15,000 or approximately around there, but it's not enough to make up any difference. This is we're just going up by what the maximum allowable limit is is two percent on that. So do we know have has the county given us any kind of idea on what direction they're gonna take with distributing the shared revenues? Uh the the county doesn't distribute the shared revenues, uh councilman glindo. That comes from the state. Uh if you're if you're referring to the uh the half cent sales tax, we have not heard anything of what their methodology is. So uh we're anticipating it's probably the same, but that has nothing to do with the property tax itself. Yeah, and uh council member Galindo and uh Mayor, if you recall as Brian, you know presented throughout the budget retreat process and throughout this whole process combined, yeah, with VLT state shared revenues. You're looking at approximately a loss of over 500,000. Um don't have that data in front of me right now, but also Steve said that the uh approval at the county was actually the bill was denied, so that half cent sales tax. We have no idea at this point, okay. Anything further? No. Okay, at this time I'm gonna close this public hearing, and brings us to item B. We're gonna open a public hearing. City of Eloy annual budget for fiscal year 2026-2027, Mr. Wright, yes, Mr. Mayor.