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Gilbert staff flags $1.5 billion transportation funding gap; council urges visible progress before new bond ask
Summary
Staff outlined a potential November 2026 transportation bond and multiple municipal-property-corporation bond needs. Several council members urged postponing a new bond or combining future bonds with parks until the public can see completed projects from the 2021 transportation bond.
Gilbert staff told council that the town faces a large unfunded gap for transportation projects and outlined a timetable for several future bond issuances; some council members said they will not support a new bond question until residents can see completed projects from prior bond proceeds.
Staff briefed council on the fiscal‑year‑22 transportation bond package voters approved in 2021 and the town’s current issuance and spend status. The original authorization was $515 million; staff said the town has issued about $200 million so far and that, as design and construction continue, additional debt will be necessary to keep projects moving. Planner Susanna and CIP staff described a working list of roughly 59 candidate projects in a potential November 2026 bond question and estimated about a $1.5 billion unfunded need when…
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