TITLE
PUBLIC HEARING. A Resolution of the Mayor and City Council of the City of Maricopa, Arizona adopting the final budget for fiscal year 2025-2026 (FY25-26). Discussion and Action.
AGENDA ITEM DESCRIPTION
Title 42 of the Arizona Revised Statutes requires the City of Maricopa to hold a public hearing at which any taxpayer can appear before the Mayor and City Council to comment on the Final Budget for Fiscal Year 2025-2026 prior to formal adoption.
In compliance with Title 42 of the Arizona Revised Statutes (A.R.S.), the final budget for FY25-26 is presented for council consideration. The final operating and capital budgets, based on Council strategic priorities and staff input, total $344,464,442. The final operating budget totals $146,664,158 and the final Capital Improvement Projects (CIP) totals $197,800,283.
Per state statute, the tentative budget was adopted on May 6, 2025. Additionally, a public notice indicating the final budget adoption was to take place on June 3, 2025, was published on May 24, 2025, and again on May 31, 2025.
Operating Budget
The proposed operating budget was developed through input from the April 23, 2025, Council Budget and Finance Committee (BFC) meeting. Based on this meeting, the proposed FY25-26 operating budget totals $146,664,158. The totals, by fund, are as follows:
Operating Budget
General Fund $ 81,874,675
Special Revenue
Highway User Revenue Fund $ 4,883,585
1/2 Cent County Road Tax $ 2,110,000
Grants Operating Fund $ 51,613,310
Debt Service Fund $ 6,182,588
Total Operating Expenditures $ 146,664,158
The information above includes all operating funds of the City with the General Fund being the largest operating fund.
Capital Budget
The proposed capital budget was developed through input from the February 6, 2025, Council Budget and Finance Committee (BFC) meeting. The 10-Year Capital Improv...
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