On Monday, November 22nd, at 6 pm during a Special Council Meeting at Town Hall the Town’s economic and financial consultants, Rounds Consulting Group and Pat Walker, will provide a review of current fiscal trends including an evaluation of the Town’s ability to cover the cost of enhanced medical and fire services without a formal tax increase. As part of the exercise, the review will also include a forecast of sales taxes and a hypothetical scenario of implementing a property tax if the initial “no-tax” review identifies any significant revenue deficiencies.
For each of the three revenue scenarios, a list of advantages and disadvantages will be provided along with any other issues relevant to the research effort. Each revenue option will also be analyzed including conservative, baseline, and optimistic scenarios. A comprehensive report will be made available prior to the work session but will remain in a “draft” format to later accommodate anything that is proven to be pertinent to the analysis. A final report will be completed prior to the December council meeting to assist with any additional considerations on this issue.
The presentation will be streamed live via zoom at this link:
Following the presentation, the recording will be available at www.CaveCreekAZ.gov/Youtube