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Phoenix presents FY2025–26 trial budget, cites state revenue losses and a TPT increase to balance books
Summary
City staff previewed a trial budget that relies on a March council vote to raise the transaction privilege tax and allocates new money for fire staffing, homeless services and water infrastructure, officials and speakers said at a public hearing.
City staff presented a trial budget for fiscal year 2025–26 that relies on a recent decision to raise the city’s transaction privilege tax (TPT) and includes targeted funding for fire response, homeless services and a water-reclamation plant, officials said at a public budget hearing.
The trial budget, city staff said in a presentation played at the hearing, addresses “potential structural deficits” caused by recent state-level tax changes. The presentation said the City Council voted March 18 to increase the TPT rate from 2.3% to 2.8% effective July 1, 2025, to generate revenue for programs and services.
City Manager Inger and Councilwoman Hodge Washington stressed the importance of public input at the hearing. “The budget…
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