The Phoenix City Council adopted City Manager Ed Zuercher’s proposed FY 2017 budget on a 6-3 vote. The spending plan totals $1.2 billion from the city general fund and includes increases for full restorations of previous employee concessions during the next three years and bolsters public safety infrastructure items.
Several items included in the final proposal were added as a result of community hearings during the past few weeks. Those projects included additional resources for the arts, children’s library programs, homelessness and an economic development specialist who will focus on the Loop 202 extension corridor.
Now that the budget has been approved, the City Council will vote on a revenue mechanism to meet the spending obligations, in addition to holding two hearings on budget ordinances by July 1.
Funds outlined to balance the trial budget include a $60 million surplus and a proposed property tax “float” to pay for future debt service obligations. Click here to learn more about the FY 2017 City Budget.