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Tempe staff present $1.7 billion recommended budget; council told no funding decisions tonight
Summary
City staff presented the recommended FY26 operating and capital budgets totaling about $1.7 billion, outlined planned drawdowns to cover a recent residential rental sales-tax loss, and recommended adopting department requests as the tentative budget while continuing revenue monitoring.
City finance staff presented the recommended fiscal year 2026 operating and capital budgets to the Tempe City Council on April 24, saying no funding decisions would be made at the work study session and urging continued revenue monitoring.
The presentation, led by Lisette Camacho and Julie Hyder, said the combined operating and capital budgets total about $1.7 billion, a 7.4% increase over the prior year, and that the operating budget is about $875 million. "No funding decisions are being made tonight," Camacho told the council. Staff recommended that the council adopt department-requested numbers as the tentative budget to set maximum expenditure limits, while continuing to monitor sales-tax revenue trends before final adoption.
City officials said the budget reflects an expected revenue shortfall tied to the elimination of the residential rental sales tax, which became effective in January. Staff estimated the…
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