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Public Hearing Council Chambers | Thursday, June 12, 2025 FY 2025-26 Proposed Budget 2026-2035 Capital Improvement Program (CIP) 2025-26 Property Tax Levy “Strength in Numbers” 0.01% decrease overall all Funds $783.2M operating (+4.1%) $845.7M capital (-3.5%) 6.6% increase in General Fund $462.9M operating (+5.5%) $152M capital (+9.9%) FY 2025-26 Proposed Budget Total Budget $1,628,875,875 | Total General Fund: $615,641,303 Proposed Budget • Adheres to financial policies and is structurally balanced • Ongoing for ongoing and one-time for one-time • Uses Strategic Framework to guide decisions • Provides for cost-effective, quality services • Maintains long-term financial sustainability • Resident engagement through input opportunities • Kickoff, Resident Budget Survey & Three Workshops • All-day Budget Briefing • Tentative and Final Adoption in May/June “Strength in Numbers” Operating Budget Highlights Maintains city Transaction Privilege Tax (TPT) rates (lowest in Arizona) and reduces primary property tax rate Water, Wastewater, and Solid Waste rate changes are planned in the new Fiscal Year to ensure funds are self supporting Budget maintains existing service levels in an increasing cost environment Adds funding for labor association commitments and general employee merit/market Maintains Public Safety Personnel Retirement System (PSPRS) full funding status with $25M in one-time funding Maintains strong reserves (includes 15% General Fund contingency reserve and $10M budget stabilization reserve) Total Annual Proposed Budget All Funds (in millions) Where the Money Comes From Where the Money Goes 2026-2035 CIP Highlights • 2026-2035 CIP total is $2,617,730,721 ($129M more than the 2025-2034 CIP) • Updated to reflect additional utility projects and updates project cost estimates to current values • Increased focus on aging infrastructure • Includes projects utilizing potential new bond authorization in years 3-10 • Only first year of CIP is appropriated, remainder is planned only FY 2025-26 Property Tax Levy Breakdown of $1 of Typical Chandler Property Tax Bill City of Chandler 11 cents Public Schools and Community College Districts 71 cents Maricopa County & Special Districts 18 cents *Based on 2024 Tax Bill information. Exact split will vary depending on the school district and any other special taxing districts on the bill. FY 2024-25 LPV $4.108B 2024-25 Levy $44,473,790 FY 2025-26 LPV $4.124B 2025-26 Levy $44,616,217 +0.4% increase 1.3% New Property -0.9% Appreciation Levy Increase $142,427 FY 2025-26 Property Tax Levy Tax rate reduction from $1.0826 to $1.0818 reduces the impact of the Limited Property Value (LPV) increase Reduces property tax rate for the 10th consecutive year 9 Impact of City Tax Rate Reduction on Median Value Homeowner Budget Event Date Council Budget Kickoff Completed Oct. Citizen Budget Survey Completed Nov. - Jan. Council Workshop #1 Completed Feb. Council Workshop #2 Completed early Mar. Council Workshop #3 Completed late Mar. All Day Budget Briefing Completed May Council Meetings and Statutory Requirements Tentative Budget/CIP Adoption Completed May Budget Public Hearing and Final Adoption Tonight Adoption of Tax Levies 06/26/2025 Key Budget Dates For your consideration: Res. #5906 Adopts the FY 2025-26 Annual Budget, sets the amounts proposed to be raised by direct property taxation, and adopts the 2026-2035 CIP Tentative and final adoption of Ordinance No. 5130, setting Property Tax Levies will be June 23rd and 26th, 2025 For more information visit chandleraz.gov/budget or call the Budget Office at (480) 782-2254