Superstition Vistas CFD #1 Meeting - 05/19/26

The City of Apache Junction, Arizona, held a meeting on May 19, 2026, for the Superstition Vistas Community Facilities District (CFD) #1. The primary focus was on the consideration and approval of the annual budget for the fiscal year 2026-2027. The board reviewed the proposed budget, which includes revenue sources such as general obligation bond debt service property taxes, special assessment installment payments, and developer cash contributions. The budget also reflects an increased tax levy to a target rate of $5 per $100 of net assessed limited property value for GO debt service, with operations and maintenance taxes remaining at 30 cents per $100. The board conducted a public hearing with no public comments and subsequently passed resolutions approving the proposed budget and tax levy for the upcoming fiscal year.