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Flagstaff Property Taxpayers Receive Good News On FWPP Finances

thanks to Bill Gowey for the picture.
thanks to Bill Gowey for the picture.

There’s some good news for Flagstaff property tax payers. The City of Flagstaff recently closed a loan with the Arizona Water Infrastructure Finance Authority regarding the remaining balance of the Flagstaff Watershed Protection Project Bond. The recently closed Clean Water State Revolving Fund loan features one-million dollars in forgivable principal. Combined with interest savings on the principal, this will result in a one-point-four million dollar savings for property taxpayers. The WIFA loan will help ongoing efforts to plan, conduct and monitor needed forest treatment work in the Day Lake Hills area. The final phase of the project, Mormon Mountain south of Flagstaff, is an important project due it being the headwaters for Lake Mary and critical to Flagstaff’s water supply. The city is working to get the eight-and-a-half million dollars needed for funding for the roughly 26-hundred acres that needs to be treated. Work will begin as soon as the funding is obtained.