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Gilbert studies tighter FY2026 budget after $14 million revenue shortfall; $1.7 billion CIP planned
Summary
Town staff told the council the preliminary FY2026 budget faces roughly $14 million less in ongoing general-fund revenue, recommends $44 million of requested items be funded and includes about $1.7 billion in capital improvement program (CIP) spending; council set May 20 for preliminary adoption and June 10 for final adoption.
The Town Council of Gilbert on April 22 held a study session on the preliminary fiscal year 2026 budget, hearing from staff that ongoing general-fund revenues are expected to fall about $14 million and that the proposed spending plan includes roughly $1.7 billion in capital projects.
Patrick, a staff member, told the council that “in fiscal 26 … we will have 14,000,000 less in ongoing revenues to our general fund” driven in part by about $9 million lost from residential rental sales tax and roughly $4–5 million from the second phase of a state flat income tax change. He said the town has raised sales tax rates to meet infrastructure needs but continues to face inflation, supply-chain pressures and wage competition.
The shortfall matters because general-fund revenue pays for core services such as police, fire, parks and recreation and administrative functions. “With…
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