Prescott LIVING Magazine
No Result
View All Result
Prescott LIVING Magazine - Click for Current Issue
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
        • People’s Choice Photo Winners
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
        • Home & Garden
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
        • Pizza
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription
No Result
View All Result
Prescott LIVING Magazine
Prescott LIVING Magazine - Click for Current Issue
Home Press Releases

Proposition 443 Update

April 19, 2018
327
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter
Proposition 443 is working!
It is refreshing to look back over the past year and see the progress the City of Prescott has made in stabilizing our General Fund. Many remember the burden created by the $78M Unfunded Liability debt created by the Public Safety Personnel Retirement System (PSPRS). Previous Prescott City Councils had struggled with how to pay the Annual Required Contribution (ARC) while maintaining much needed services that create our special quality of life in Prescott. City staff was reduced drastically, library hours were cut, fire stations were browned out and our police department was understaffed. City turnover was very high. Our beautiful community seemed crippled by this burdening debt. Some were even calling for bankruptcy.
Early spring 2017, the City Council decided to refer a ballot question to the voters of Prescott, asking them to consider a 3/4 of a penny sales tax increase to be dedicated solely to paying down the PSPRS Unfunded Lability. The sales tax question was scheduled for the city primary election on August 29th. One of the most significant next steps was the creation of a political action committee, Stand For Prescott, by a group of highly motivated, committed and very diverse grass-roots citizens. Our goal was to raise money and educate the voters about the need to pass Proposition 443. “Yes on 443” signs were everywhere!
I credit “Prescott Living Magazine” with much of our success. We had a two page article in the inaugural edition that explained the issue of the Unfunded Liability, Proposition 443, and the need to pass the sales tax increase. We took the magazine everywhere and passed out hundreds of copies at our meetings and events.
After much debate and many, many informative community meetings throughout the spring and summer, Prescott voters approved Proposition 443, raising our city sales tax by three-fourths of a penny beginning in January 2018.
Once Prop 443 passed, the City Council felt confident in using some of the General Fund reserves to make a large payment of $11 Million to PSPRS in September 2017.  The city also sold assets totaling more than $600,000 in order to pay more toward the Unfunded Liability debt. The city has continued to make the Annual Required Contribution (ARC) of $5,319,758 from the General Fund.
Just a few weeks ago the city was notified that the January revenue generated by the 3/4 cent dedicated PSPRS tax from passing Prop 443 was $910,298. Those monies were immediately wired down to pay toward our Unfunded Liability. The total contribution to PSPRS in FY18 as of March 25, 2018 is $17,834,681.
This progress toward stabilizing our General Fund would not be possible without the hard work of the Stand For Prescott team, the positive support from our citizens in passing Prop 443, and the continued commitment from Mayor Mengarelli, all of our City Council members and City Manager Michael Lamar on paying down this debt.  Monthly we will send the revenue generated by the 3/4 cent dedicated PSPRS tax and do everything we possibly can to continue paying the ARC out of the General Fund. This dedicated sales tax will sunset in 2028 or when the unfunded liability reaches $1.5M, which ever occurs first.
We encourage our state legislators to live up to their side of the bargain and to seek further reforms to the system making it more sustainable for our public safety personnel for generations to come. Those reforms can only be implemented by the Arizona State Legislature.
Yes, Prop 443 is working as we planned, and we will continue this progress as promised. I am forever grateful to the citizens of Prescott and the Stand for Prescott team that made this possible by saying Yes on 443!

Billie Orr
Mayor Pro Tem
Previous Post

INSPIRING MUSIC: Heroes and History – Performance April 21st

Next Post

Prescott Frontier Days Coming June 28 through July 4

Next Post
Image provided by: Miller Photo

Prescott Frontier Days Coming June 28 through July 4

Join our Newsletter

Prescott LIVING eNewsletter Subscription

No Result
View All Result
Cover for Prescott Living Magazine
11,553
Prescott Living Magazine

Prescott Living Magazine

Come & enjoy the local scene in Prescott Arizona!

Prescott Living Magazine

1 day ago

Prescott Living Magazine
OUT & ABOUT — Thank you to Janet Cameron, Karen Shaw, and Janet Ash for submitting these creative photos! Reader photos are published in every issue of Prescott LIVING - send in your best shots taken in the Greater Prescott area to photos@roxco.com. Selected photos will appear in print and will be posted to our social media channels. #prescott #prescottvalley #chinovalleyaz #deweyhumboldt ... See MoreSee Less

Photo

View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

Prescott Living Magazine

1 day ago

Prescott Living Magazine
Tickets are available at www.ycpac.com for the Kathy Mattea & Suzy Bogguss concert, which is coming up on March 2 at the Yavapai College Performing Arts Center. If you're not familiar with their musical careers, here's some background from YCPAC. . . .COUNTRY STARS COMBINE HIT SONGS AND CHEMISTRYPrescott, Arizona (2/2/2023) – Two stars, no waiting. When longtime friends and Country music artists combine their impressive set lists and their love of live performance, everybody in the audience wins. Yavapai College Performing Arts Center invites you to join Country music hitmakers Kathy Mattea & Suzy Bogguss for a rousing and memorable ‘Together at Last’ performance, Thursday night, March 2 at 7 p.m. Two country music legends, with three Grammy awards between them, bring their prodigious talents, their solo hits, and their on-stage chemistry to the stage in ‘Together at Last.’ Friends since their early days in Nashville, Kathy Mattea and Suzy Bogguss have each carved out careers in popular music with country chart hits spanning two decades. Kathy has had more than 30 singles in Billboard Magazine’s Hot Country Songs Charts, including “Goin’ Gone,” “Eighteen Wheels and a Dozen Roses,” and “Come From the Heart.” She won Grammy Awards for her 1990 single “Where’ve You Been?” and her 1993 Christmas Album Good News. Bogguss found stardom with her platinum-selling album Aces, which featured four hit singles: the title track, “Someday Soon,” “Outbound Plane,” and “Letting Go.” She won the Academy of Country Music’s Top New Female Singer award in 1989 and the Country Music Association’s Horizon Award in 1992. Their busy solo careers allowed Kathy and Suzy few opportunities to collaborate musically, although they did perform a Grammy-nominated cover of “Teach Your Children” back in 1994. Their fans have clamored for a joint tour like this for years. And now, sporting new material developed for the tour, armed with two careers worth of stories and more hits than they can fit, Kathy Mattea and Suzy Bogguss are together at last.Tickets for Kathy Mattea and Suzy Bogguss start at $32. Yavapai College Performing Arts Center is located at 1100 E. Sheldon Street, in Prescott. The YCPAC Ticket Office is open Tuesdays and Wednesdays, from 9 a.m. – 6 p.m.; and Thursdays and Fridays, from 9 a.m. - 4 p.m. For reservations or more information, please call: (928) 776.2000 or visit us online at: www.ycpac.com.. . .Be sure to pick up a free copy of Prescott NOW to see what's happening this month, or visit prescott-now.com/events for the online events calendar. ... See MoreSee Less

Photo

View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

It’s About LOCAL – ADVERTISE WITH US

© 2022 ROX Media •  Privacy Policy
info@roxco.com • 130 N. Granite St. • Prescott, AZ 86301 • 928.350.8006
CORPORATE OFFICE: 1919 N. Trekell Rd.,  Suite C •  Casa Grande, AZ 85122

No Result
View All Result
  • Inside
    • Voices
    • Special Sections
      • 40 Under 40
      • Annual Photo Contest
      • Best of Greater Prescott
      • Everyone Can Be a Hero
      • Holiday
      • Medical, Health & Wellness
      • Men of Vision
      • New Year, New You
      • Relocation
      • Wealth Management
      • Weddings & Events
      • Women in Leadership
    • Up Front
      • City Speak
    • BIZ
    • YOU
      • Out & About
      • Beauty & Style
      • Health, Happiness & Education
      • Education
      • Pets
      • Home
    • FUN
      • Arts & Culture
      • Outdoor Adventure
      • Restaurants
      • Travel & Tourism
    • The ROX Interview
    • Prescott Pioneer Local News
    • Q & A
  • Current Issue
  • Community Calendar
  • Past Issues
  • Subscribe
    • eNewsletter & Digital Edition Subscription

© 2022 ROX Media