This slide highlights the complex landscape of property taxes in the Cave Creek Unified School District. Despite a modest increase in overall taxes for education, Cave Creek continues to face funding challenges due to its high property values, which disqualify the district from receiving basic state aid.
Additional Education Tax (ARS 15-992B)
The funds collected under ARS 15-992B go to the state’s general education fund, not directly to Cave Creek Schools. This is projected to amount to about $12.5 million in the upcoming year.
Cave Creek Unified School District receives no basic state aid for education due to its high property values.
The district recently lost an additional $350,000 due to a recalculation by the Arizona Department of Education (ADE) for Title funding.
Line item "Cave Creek Unified Bonds" is from 2014 and has been exhausted.
This data was taken from a presentation given to the Desert Foothills Leadership Group
There’s no bond or override on the ballot this year, and we’re two years away from it being a topic — so if you’re holding out hope for some mythical pot of gold hidden in the current school district budget due to mismanagement 💸, think again. The reality is that we’re stuck in a funding 💰crunch with no quick fix in sight. And let’s be clear: if you think this isn’t about money, you’re missing the point. The funding gap is real, and it’s not going away on its own. So, the question remains: what are the alternatives to solve the short-term and long-term funding of our District?
This informative video created by the district, dives into the various “buckets” of school funding in Arizona. The video explains how funds are distributed across categories like Maintenance and Operations, Capital Outlay, and others, highlighting the complexities of school budgets. Learn how each funding stream plays a unique role in supporting our schools and the challenges faced in ensuring every dollar benefits our students.
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