TITLE
The Mayor and City Council shall discuss and possibly take action on adopting a tentative budget for fiscal year 2025-2026 (FY25-26) and the 10-Year Capital Improvement Plan. Discussion and Action.
AGENDA ITEM DESCRIPTION
In compliance with Title 42 of the Arizona Revised Statutes (A.R.S.), the tentative budget for FY25-26 is presented for Council consideration. The tentative operating and capital budgets, based on Council strategic priorities and staff input, total $344,464,442. The tentative operating budget totals $146,664,158 and the tentative Capital Improvement Projects (CIP) budget totals $197,800,283.
Final budget adoption is scheduled for June 3, 2025, at a Council Meeting.
Operating Budget
The proposed operating budget was developed through input from the February 5, 2025, and April 23, 2025, Council Budget and Finance Committee (BFC) meeting. Based on these meetings, the proposed FY25-26 tentative 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 10-Year Capital Improvement Plan (Plan) serves as the basis for developing the FY25-26 Capital Improvement Projects (CIP) budget. Based on the Plan, the FY25-26 tentative CIP budget totals $197,800,283 and is as follows:
Capital Project Funds
General Government CIP
$ 43,888,398
Grants CIP
$ 39,130,805
Fire Impact Fee Fund
$ 2,560,000
Library Impact Fee Fund
Park...
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