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CITY OF TEMPE Meeting Date: 6/4/2026 REQUEST FOR COUNCIL ACTION Agenda Item: 2D ACTION: Hold a public hearing to adopt a resolution containing estimates of proposed expenditures by the City of Tempe for the fiscal year beginning July 1, 2026, and ending June 30, 2027, and to declare that such shall constitute a final budget for the City of Tempe for said fiscal year. (Resolution No. R2026.56) FISCAL IMPACT: The fiscal year (FY) 2026/27 operating budget totals $867,963,553, and the FY 2026/27 capital budget totals $687,540,763 for a total financial program of $1,555,504,316. RECOMMENDATION: Adopt Resolution No. R2026.56. BACKGROUND INFORMATION: This resolution adopts the final budget for FY 2026/27. Since tentative adoption on May 14, 2026, the attached Schedules A-G (Attachment A) have been properly advertised pursuant to Arizona Revised Statutes. The final budget reflects one technical update: an $8,657,000 placeholder interfund transfer from the General Fund to the Parks Capital Fund for cash funding of capital projects. Prior to final adoption of the budget at a special meeting, the City Council must hold a public hearing where any taxpayer may appear and be heard for or against any proposed expenditure or tax levy pursuant to Arizona Revised Statutes. The setting of the property tax levy and resulting rate are scheduled for June 25, 2026. ATTACHMENTS: 1. RESOLUTION.DOCX 2. ATTACHMENT A.PDF STAFF CONTACT(S): Robert Baer, Municipal Budget Director, (480) 350-8697 Department Director: Lisette Camacho, Deputy City Manager - Chief Financial Officer Legal review by: Dave Park, Sr Assistant City Attorney Prepared by: Benicia Benson, Administrative Analyst