Good Morning Sun City Festival Residents,
Many of our homeowners have heard that the City of Buckeye is proposing increases to various water rates in the coming years. These increases will measurably add to the Community Association’s landscape irrigation costs in the coming years.
The proposed increases to landscape irrigation water rates, which are currently $7.93 per kgal (1,000 gallons) are as follows:
FY 2020 (effective 10/1/19): $9.78
FY 2021 (effective 10/1/20): $10.43
FY 2022 (effective 10/1/21): $11.24
FY 2023 (effective 10/1/22): $12.08
With the assistance of the management company’s accounting team and utilizing the 2019 landscape irrigation budget provided by CareScape as the baseline, we anticipate that our additional cost for irrigation water for the four-year period beginning in October 2019 to be in excess of $1.273 million dollars. This figure does not take into consideration the costs to irrigate future common areas that will be turned over to the Community Association as the community continues to develop.
To cover these additional irrigation water costs, it is anticipated that an additional $12-$15 per month will need to be added to the monthly homeowner assessment in the next four years. We have shared our financial analysis with the City and area waiting their response.
As we learn more, we will communicate back to you.
Sun City Festival Board of Directors