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Chandler presents FY 2025–26 tentative budget; council adopts tentative figures and sets hearings
Summary
City staff presented a $1.629 billion tentative budget and a 10‑year CIP of about $2.6 billion; council adopted the tentative budget and scheduled public hearings and final adoption dates in June.
City finance officials presented Chandler’s tentative fiscal 2025–26 budget on May 22 and the City Council voted to adopt the tentative budget and related notices for public hearings.
Finance Director Matt Dunbar told the council the city’s total budget for Fiscal Year 2025–26 is approximately $1,629,000,000, with a general fund of about $615,000,000. The city’s 10‑year Capital Improvement Program (CIP) was updated to roughly $2.6 billion, an increase of about $130 million from last year, and includes $845.7 million appropriated for the coming year. New appropriations for the year total approximately $278 million; the remainder is capital carry‑forward for projects already underway.
Dunbar said the tentative budget maintains the city’s long‑term financial policies and continues a decade‑long trend of reducing the primary property tax rate; he noted the city has reduced the property tax rate for the tenth consecutive year. Staff budgeted an increase for the Public Safety Personnel Retirement System (PSPRS), including a placeholder of $25 million for an additional payment pending the new actuarial report.
Key dates were set: a public hearing on the tentative budget and tax levy is scheduled for June 12, followed by final adoption of the budget and tax levies on June 26. Dunbar said staff used resident feedback from a kickoff, a resident survey, budget workshops and a full‑day budget briefing in developing the plan.
Council members thanked staff for the work. Council voted unanimously to adopt Resolution 5905 adopting the FY 2025–26 tentative budget and notice of hearings.
