Coolidge council sets secondary tax rate for bonds
by Rofida Khairalla | Coolidge Examiner
The Coolidge City Council approved the adoption of a $0.41 secondary property tax rate to meet the requirements set for the sale of voter-approved general obligation bonds to fund a new aquatic center and roadway improvements on Northern Avenue.
The adoption of the secondary property tax levy was part of an ordinance that was passed by the council establishing a lower primary tax rate and the secondary tax.
The primary tax rate was dropped 12 cents to $1.76, and Finance Director Gabe Garcia said the city will capture the value of new construction. Over the course of fiscal year 2021, the levy is expected to raise $962,682.
