The $1,240,703,500 FY2026 budget is unchanged from the Tentative Budget approved by City Council on May 19, 2025. A public hearing was held today (June 9, 2025) consistent with the requirements of state law.

 

ADOPT RESOLUTION NO. 2025-2475 DETERMINING AND ADOPTING THE FINAL ESTIMATES OF PROPOSED REVENUES AND EXPENDITURES FOR THE CITY OF GOODYEAR FOR FY2026 BEGINNING JULY 1, 2025, AND ENDING JUNE 30, 2026. (Ryan Bittle, Finance Manager)

The FY2026 Budget totals $1,240,703,500 (Attachment B). It is balanced for the General Fund and within resources for Asset Management, Enterprise, Special Revenue, Capital, and Debt Service funds. The use of utility revenue, impact fee and excise tax, and/or property tax supported bond funding is anticipated for capital projects and to provide upfront financing for impact fee projects that must be constructed prior to the full revenue stream.

The primary property tax levy, including the $303,271 increase to capture the permitted 2% growth in the levy, is used in the balanced FY2026 General Fund budget. Final budget adoption must occur two weeks prior to the adoption of the property tax levy.

Overview of the process to date and a public hearing on Truth-in-Taxation and on the Final Budget was conducted as part of the regular City Council meeting held today, June 9, 2025.

The FY2026 Final Budget has not changed from the Tentative Budget presented and adopted on May 19, 2025 and is compliant with adopted financial policies. Resolution 2025-2475 is included as Attachment A.