Bits and Pieces

Barrett and Bohen "get it."  Oro Valley’s stewardship requires balancing the financial impact of buildout and the sustainability of maintaining a maturing infrastructure

In January, LOVE reported on an independent study of the town's financial future. This study focussed on the impact of a "buildout" on Oro Valley's future. That study concluded that the town's budgets will remain sustainable through the expected residential buildout in 2034. However, the projected financial margin is very tight, leaving limited resources for long-term maintenance and unforeseen costs. Then, a few weeks ago, we reported regarding the town's five year financial projection. This was prepared by staff. That report projected that the town will face financial challenges starting in 2026, necessitating at least $11 million in bond funds to cover shortfalls for major highway projects and rising pavement preservation costs. 

The study and the five year projection address different time frames regarding the town's financial future; but both do emphasize the need for careful planning and spending as the town continues to mature. Given what we observed in the two day TMRB study session last week, two council members, Bohen and Barrett, "get it." And Nicolson is not far behind.

Town Grant Update: $18.1 Million in Progress, $213K Awarded

Town Manager Wilkins added a section in his May report to the council. That section discusses the status of grants sought by the town over the past six months. The report lists eight grants in progress, totaling $18.1 million. $213K has been awarded to date. Most of the pending dollars requested are for three public works bridge projects. $4.5 million is sought for public safety, including a $3 million request for the design of a police station. The town will file a $2 million grant request for the Vistoso Nature Preserve revegetation project in the next fiscal year. (Source: Town Manager May Report to Council, page 32)

Town Financial Update through February: Revenues rise, expenditures driven by capital Projects

"The Town continues to perform as expected from a Townwide financial perspective. Total Townwide revenues are up $7,399,890 through February 2024 in comparison to February 2023. Meanwhile, total Townwide expenditures are greater than February 2023 by $6,388,977. Capital is the primary driver of the increase in spending from the prior year, as it accounts for $4,875,207 of the $6,388,977, or 76%. Personnel and O&M also continue to outpace last year’s outflows through February. Total estimated Townwide Fund Balances through February 2024 are $84,981,826, which is about $4.2 million less than the Town carried into the fiscal year. This reduction in fund balance is primarily a function of the large capital projects being executed and the continued spend down of ARPA and Parks and Recreation bond monies." (Source: Town Manager May Report To Council, page 31) 

Let’s hear it for CDO’s… An Arizona sports leader

The Canyon Del Oro High School sports teams have had an impressive year, showcasing their talent and dedication. While both the baseball and softball teams narrowly missed winning the 3A Arizona State Championships this past week, their effort and skill were commendable. Last fall, the football team triumphed, securing the 3A State Championship. Congratulations to all the athletes for their hard work and for being outstanding representatives of Oro Valley. Your community is proud of your achievements and spirit.

Get ready to rock at OV Battle of the Bands, May 17

"This free concert, which runs from 6:30 to 9 p.m., on Friday, May 17, at the Riverfront Park Amphitheater (551 W. Lambert Lane), features three bands comprised of students from local high schools. The bands will bring their musical talents to a live audience with a three-song setlist...Admission to the concert is free and food trucks will be on site with items available for purchase. It is recommended that attendees bring a lawn chair or blanket." (Source: Town of Oro Valley Media Release).