Prescott Valley budget presenter outlines structurally balanced FY27 proposal and $400 million 10-year CIP

Prescott Valley budget staff presented an overview of fiscal-year 2026 results and laid out a proposed budget path for FY27, telling the Town Council on the budget presentation that recurring revenues currently exceed recurring expenses by about $10 million and recommending the town treat an expected $7 million year-end surplus as one-time money to seed strategic projects and reserves.

The presenter, identified in the meeting as Kate, said revenues exceed expenses across meter funds, the general fund, enterprise funds and the highway user revenue fund and walked council through dashboard charts that compare performance to a 75%-of-year benchmark. "We have $10,000,000 more in recurring revenues than we do in recurring expenses," Kate said, adding that the town is performing well this year.

Why it matters: the presentation frames the tentative-budget choices council will face at the end of the month — including how much of the surplus to set aside for one-time projects, how much to seed replacement reserves, and what to include in the first year of a newly expanded 10-year capital-improvement plan (CIP).

Budget and…