The voters of the City of Prescott, Arizona in 2017 adopted an alternative expenditure limitation – home rule option. The purpose of this election is for the continued use of the alternative expenditure limitation.
Pursuant to A.R.S. § 41-563.01, the City Council of Prescott, Arizona voted to approve the proposed alternative expenditure limitation – home rule option at its special meeting on March 23, 2021. The vote for approval was 7 For and 0 Against.
At the primary election to be held on August 3, 2021, the voters of the City of Prescott will vote on the question of an alternative expenditure limitation – home rule option.
With voter approval, the city shall be limited to the expenditure of estimated available revenues whether such expenditures are less than or exceed the State imposed limit. As an example, in FY2022-2023, the state-imposed limitation plus applicable constitutional exclusions will allow expenditures of $128,764,920. Under the proposed alternative expenditure limitation, we estimate expenditures of $173,908,033.
If the voters approve, the additional expenditure authority will be used for all local budgetary purposes including general government, community development, parks, library, police, fire, regional communications, streets, utility operations, solid waste, fleet maintenance, facilities maintenance, golf course, airport, engineering, and debt service. Revenues received from federal, state and local sources will be used to fund such expenditures. The city property tax shall be limited to the amount prescribed in the Arizona State Constitution.
By order of the City Council of Prescott, Arizona.
Sarah M. Siep, City Clerk