Presentation

FY2027 Final Budget
Paul Soldinger, Chief Financial Officer
June 2, 2026

FY2027 Final Budget 
– Public Hearing

Public FY2027 Budget Meetings*
• November 12, 2025 – Council Budget Work Session #1
• February 24, 2026  – Council Budget Work Session #2
• March 11, 2026 – Budget Open House (in Council Chambers)
• March 24, 2026 – Capital Projects Work Session
• April 14, 2026 - Proposed Budget Work Session
• May 5, 2026 – Tentative Budget Approval (Regular Agenda 9C)
• June 2, 2026 – Final Budget (considered during public hearing)
* Click links for presentation and recorded meetings

Final Budget for Adoption
• Tentative Budget was approved by Council (7-0) on May 5, 2026
• Set maximum FY2027 budget at $50,285,064
• Budgeted $1 below expenditure limitation (after exclusions)
• $1.00M in General Fund contingency -> Unplanned, unforeseen 
events
• $6M budgeted for Road Paving purposes ($8.3 million total 
allocated in Streets Fund)
• General Fund departmental expenditures (without contingency)
• $24.9M for FY2026
• $25.8M for FY2027
• About 4% increase

Final FY2027 Budgeted Expenditures by Fund
$25.8 million
$25.8 million
$25.8 million
$25.8 million
General Fund
Streets Fund
Cap Projects Fund
Other Funds
$25.8 Million
$7.1 Million
$9.1 Million
$3.2 Million
Total Budgeted Expenditures = $50.29M
General Fund
$26.80M
$8.27M
Streets Fund
Cap Projects 
Fund
Facilities 
Reserve      
Fund
Special Revenue 
Fund
Econ Dev 
Funds*
$11.00M
$0.60M
$1.76M
$1.07M
$0.8M
All Other Funds
*Economic Dev Fund
Downtown Strategy Fund
Tourism Fund

Recurring Goods and Services – FY2027 Budget
• Council budget approval will provide approval over the following 
recurring goods and services at budgeted amounts:
* The Town is currently procuring new landscaping services
Fund
Department
Description
FY2027 Budgeted 
Amount
General Fund
Public Works
Wash & Dam Maintenance (Environmental Program)
$                       450,000 
General Fund
Public Works
Street Sweeping (Environmental Program)
$                       135,920 
General Fund
Public Works
Municipal Separate Storm Sewer System (MS4) 
Professional Fees (Environmental Program)
$                       103,000 
General Fund
Comm Ser/Pub Works
Landscaping Services - Parks and Facilities*
$                       363,439 
Streets Fund
Public Works
Pavement Management Program
$                   6,000,000 
Streets Fund
Public Works
Other Streets Maintenance and Repairs (Striping, 
Signage, Concrete, etc.)
$                       320,910 
Streets Fund
Public Works
Traffic Signals
$                         80,000 
Streets Fund
Public Works
Landscaping Services - Street Medians and Right of 
Ways*
$                       346,619

Fiscal Year 2027 Changes from Prior Year
*$3M of projected revenues for IDSDC grant removed from FY2027 budget
** FY2027 Budgeted Expenditures decreased by 5.8% for two primary reasons: 
(1) Lower Capital Improvement Plan ($12.7 million in FY26 decreased to $11.0 million in FY27) 
(2) $3M of budgeted expenditures for IDSDC Federal grant application removed from FY2027 budget
Budgeted Amounts
FY2026
FY2027
$ Difference
% Difference
Projected Revenues*
 $       41,140,872  $         38,477,603  $           (2,663,269)
-6.5%
Budgeted Expenditures**
 $       53,396,398  $         50,285,064  $           (3,111,334)
-5.8%
ELR Exclusions
 $       16,732,213  $         12,024,151  $           (4,708,062)
-28.1%
Expenditure Limitation
 $       36,581,877  $         38,178,069  $            1,596,192 
4.4%

Town Budget Benchmarks – General Fund 
Municipality
Primary 
Property Tax
Secondary 
Property Tax
FY2026 General Fund 
& Public Safety 
Budgeted 
Expenditures
Population 
(2025 OEO 
Estimates) 
Expenditures 
Per Capita
Paradise Valley*
No
No
 $                        37,755,760 
12,774
                 
$                 2,956 
Scottsdale
Yes
Yes
651,976,796
251,000
2,598
Tempe
Yes
Yes
341,526,280
196,001
1,742
Mesa**
No
Yes
843,714,233
529,391
1,594
Queen Creek***
Yes
No
136,019,286
88,050
1,545
Chandler
Yes
Yes
417,267,360
288,299
1,447
Apache Junction
No
No
59,501,280
44,934
1,324
Gilbert
No
Yes
319,221,560
294,689
               
1,083
Fountain Hills
No
No
26,051,539
24,483
              
1,064
East Valley Municipality Comparisons for FY 2025-26
*Includes fire services expenditures in Paradise Valley's Fire Services Funds
**Includes additional police and fire services expenditures in Mesa's Public Safety and Quality of Life Sales Tax Funds
***Includes police and fire services expenditures in Queen Creek's Emergency Services Fund

Council 
Questions?