Town invests $30000000 in infrastructure without new taxes

During a recent government meeting, officials discussed the financial health of Cave Creek, highlighting a robust reserve of $30 million and a general fund of $14 million, which equates to approximately two years of operational funding. The town plans to allocate part of its reserves for significant one-time investments, including improvements to streets and the firehouse, rather than borrowing funds.

The town's overall budget stands at $57 million, with $28 million designated for operating expenses, which are primarily funded by water rate payers and state revenue. Notably, sales tax revenue has been growing at an impressive rate of 10-11% annually, largely due to new businesses along Carefree Highway, which is also funding the fire department's $5 million annual cost without imposing new taxes on residents.

In addressing public safety, officials revealed findings from a recent traffic study indicating a high incidence of accidents in the entertainment district. To enhance pedestrian safety, the town will install three new lighted crosswalks along Cave Creek Road. Additionally, a revised lighting ordinance aimed at achieving dark skies compliance is in the works, reflecting the town's commitment to maintaining its natural environment while ensuring public safety.

These discussions underscore the town's proactive approach to financial management and community safety, as it seeks to balance growth with the needs of its residents.