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Phoenix releases proposed 2026–27 budget with $162.5 million surplus, highlights child care and homelessness funding
Summary
The city manager presented a balanced 2026–27 proposed budget that allocates a $162.5 million surplus to priorities including child care affordability, continued homelessness services, a housing trust fund and employee compensation; council will take its first vote May 19.
Phoenix’s city manager presented the proposed 2026–27 budget on May 5, outlining a $162.5 million surplus and a package of one-time and ongoing allocations aimed at housing, child care and public safety. The proposal schedules the council’s first budget decision for May 19, with tentative adoption June 3 and final adoption June 17.
The budget presentation, led by Aaron Mertz, the city’s budget and research director, described where general fund revenue comes from and how the city plans to spend it. Mertz said local sales taxes make up about 42% of general-fund revenue, state-shared revenues about 35% and primary property tax about 12%. He told the…
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