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Gilbert leaders warn of widening budget gap as state, federal changes threaten revenues
Summary
Town staff told council a series of outside changes — including phased flat-tax implementation, possible elimination of the food tax and uncertainty around federal grants — have created a budget shortfall that will force trade-offs in next year’s fiscal plan.
Town Manager Patrick briefed the council on a tightening fiscal outlook and a set of outside forces that together are creating a multi‑million‑dollar shortfall for fiscal year 2026. Patrick said the town was already planning one‑on‑one briefings in mid‑April on the FY26 budget but warned council that “we’ve got a budget deficit…primarily the loss of the residential rental revenue stream as well as the second phase of the flat tax implementation,” which staff estimated would reduce general fund revenue by roughly $14,000,000.
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