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Council discusses home rule carve‑out to keep Lake Liner work outside state spending cap
Summary
Staff said Fountain Hills is near its statutory expenditure limitation and proposed a time‑limited, voter‑approved ‘home rule’ exclusion to let the town spend saved funds (and any bonds) on the Lake Liner without consuming the overall spending cap; council favored further study and outreach toward a 2028 ballot.
Michael (staff subject‑matter expert on Arizona’s expenditure limitation) told the council that the state’s Economic Estimates Commission (EEC) computes municipal expenditure limitations from a base amount, an inflation factor and a population factor under Article 9, Section 20 of the Arizona Constitution. He explained that some revenues are excludable (debt proceeds, investment earnings, certain grants) and that carryforwards of excludable revenues retain their excluded character.
Michael reported the town is effectively spending up to its expenditure limitation for the current year and that using excludable…
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