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Maricopa unveils balanced FY2023‑24 budget; lowers primary property tax rate and programs $154.5 million in CIP
Summary
Deputy City Manager/CFO Matt Kozlowski presented a balanced FY2023‑24 budget that reduces the primary property tax rate to 3.8788 percent, shows projected general fund revenues of $91.35 million and expenditures of $69.09 million, and programs a 10‑year CIP estimated at roughly $622 million with $154.5 million proposed for FY24.
Matt Kozlowski, deputy city manager and chief financial officer, presented the city’s proposed fiscal year 2023‑24 budget and a 10‑year capital improvement plan to the City Council on May 16.
“Our budget is balanced, requiring no new taxes or reliance on reserves and allows us to continue lowering taxes,” Kozlowski said, describing a primary property tax rate reduction to 3.8788 percent and projected general fund revenues of $91,350,000 versus projected expenditures of $69,090,000 for FY24.
Kozlowski…
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