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Victorville California online Form 1127-A: What You Should Know
Total Effective Tax Rate. July 20, 2025 — Victorville's local government general obligation bonds (tax increment financing bonds) outstanding to the City's public employees and retirees are projected to be 21,087,614 and for its general fund, 25,600,000. The general obligation bonds maturity October 23, 2023. The bond debt has been reduced by 19,840,616.72, primarily by reducing the interest rate of the bond debt to a range of 3.66% to 7.62%. Total Debt Reduction We have not made any significant changes to our business, operations or investment strategy to meet all the debt obligations. We expect the debt obligations to be paid through general fund operations. We expect to incur significant costs in managing these debt obligations. July 21, 2025 — Our annual general city expense of 0.2 Million was eliminated in the fourth quarter as a result of this change. The annual general city annual operating expenditure was equal to 0.6 Million. July 22, 2025 – We filed Form 8-K. 7,500,000 has been reserved for reimbursement to the City for tax collection costs incurred for the tax years prior to 2025 to provide for the payment of debt service and other City costs incurred as a result of the current tax year and prior to the tax years 2025 through 2023. 15.000,000 has been reserved for the same purpose in the future. Aug 23, 2025 – We completed our business, which resulted in the following: August 23, 2025 — At this time, we have completed our business. July 16, 2025 -- The effective tax rate decreased by 1.4% to 15.50% for the year ended March 28, 2021. The effective tax rate decreased by 2.6% to 19.90% for the year ended December 31, 2023. 2023 — Tax Years 2018, 2019, 2025 & 2021 July 22, 2021; July 24, 2025 — Victorville's general city expense increased by 12.00% to 3,100,000 for the year ended December 31, 2020. Victorville's general city expense was 4,200,000 for the year ended December 31, 2023.
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