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Five-year forecast warns of declining state-shared revenue, steep road-maintenance costs
Summary
Staff presented a five-year forecast showing a near-term decline in state-shared revenues and a significant increase (~50%) in pavement-preservation costs; staff flagged capital-fund risk without additional revenues or a debt issuance and noted options including transfers, grants or a targeted town sales-tax replacement if RTA funding lapses.
Oro Valley staff presented a two-scenario five-year financial forecast April 16 that highlights pressure on capital funds if state-shared revenues decline as projected and pavement-preservation costs remain elevated.
Finance staff told the committee they expect general fund operating revenues to dip in the next two years largely because state-shared revenues are forecast to decline after recent state tax changes. At the same time, highway and capital funds face rising costs: staff said pavement-preservation costs have increased roughly 50%, from about $2 million per…
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