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Phoenix projects $62 million surplus but staff urges $75 million set‑aside amid legislative risks
Summary
City budget staff told the council a preliminary FY2026‑27 general fund forecast shows a $62 million remaining surplus after a recommended $75 million structural set‑aside and flagged several state bills that could significantly reduce city revenue.
City budget staff told Phoenix City Council on Feb. 24 that the city’s preliminary FY2026‑27 general fund forecast shows a remaining surplus of $62,000,000 after accounting for a recommended $75,000,000 set‑aside intended to preserve structural balance.
Aaron Mertz, the city’s budget research director, presented the multiyear forecast and the revenue assumptions, saying the city expects roughly $1.99 billion in general fund revenues next year and is planning conservatively for 3.4% overall revenue growth. "That leaves you with the remaining surplus of $62,000,000 that we're forecasting for fiscal year 26,…
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