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Scottsdale officials present $1 billion FY25-26 capital program; commissioners ask for reconciliation of large carryforwards
Summary
City budget staff told the commission the proposed FY25-26 capital budget is roughly $1 billion and explained funding sources and the role of multi-year carryforwards. Commissioners pressed staff for a reconciliation showing how last year's projected project spending rolled into the current year's nearly $966 million display and asked for greater
Scott Selene, the city's budget director, told the Budget Review Commission on March 19 that the proposed FY25-26 capital budget and five-year Capital Improvement Plan together total just over $1 billion.
Scott said roughly 18% of next year's proposed capital spending is covered by the general fund, about 28% by rates and fees, and roughly 20% by debt (a mix of general-obligation and excise-tax-secured MPC debt). He emphasized the program combines continuing projects carried forward from prior years and newly proposed projects for FY25-26.
Commissioners challenged staff to reconcile the large change between last year's budget book and the current proposed amounts. Commissioner Mark Stevens noted that projects the city showed as planned in…
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