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Kingman staff presents FY26 recap, five-year forecast and budget priorities; FAA land release, PSPRS payment highlighted
Summary
Finance staff told council the FAA land-release purchase is nearing completion and will start annual general-fund payments to the airport fund, council approved a $4.6 million PSPRS payment this year, and convenience fees adopted in October are saving the city roughly $300,000 in FY26 and $420,000 in FY27. State-shared revenue changes and San Tan Valley incorporation reduce some receipts.
Kingman — At a Jan. 27 special meeting, finance staff gave a year-to-date FY2026 recap and a five-year forecast that highlighted several near-term fiscal items: the FAA land-release transaction nearing completion, a $4,600,000 payment to PSPRS made this year, and the effect of convenience fees and shifting payment methods on city revenues.
Tina Moline, presenting the fiscal recap, said the FAA land release is "nearing completion, and we're expecting that to be completed…
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