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Tucson staff report $29M FY2027 operating gap; council approves 3.5% annual water rate plan
Summary
City staff reported a preliminary FY2027 operating shortfall of roughly $28.9 million and outlined long‑range forecasts and community budget engagement. Council approved staff's water rate framework (3.5% annual revenue increases for FY27–FY30) at the study session after discussion of alternatives and stakeholder feedback.
City finance staff told the March 17 study session the city’s preliminary operating gap for fiscal year 2027 stands at about $28.9 million and that long‑range projections through FY2030 remain a central budget risk.
“We continue to have a deficit…that projected operating deficit for fiscal 27 is currently estimated at 28.9 approximately $29 million negative operating,” Assistant City Manager and CFO Anna Rosenberry said during the council’s study session.
Rosenberry told the council staff has narrowed the gap from earlier projections and will continue refining a balanced city manager recommended budget that will be released in the coming weeks. She emphasized revenue uncertainties—federal funding…
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