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City finance warns of budget pressure; council asked to lock in sewer rate change before possible state freeze
Summary
Finance staff told the council the city faces flat sales tax revenue, possible state shared revenue losses and rising personnel and insurance costs; staff recommended moving a scheduled sewer-rate implementation date earlier to protect already-approved increases from pending state legislation that would freeze municipal rate increases for four years.
City finance staff delivered a midyear budget review that described near-term fiscal pressures and possible legislative threats to municipal fee authority.
Finance staff reviewed the city’s position relative to Arizona’s expenditure limitation and said staff may need to use equipment financing to stay under the cap. Major risks include flat local sales tax receipts, potential state-shared revenue…
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