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Fountain Hills adopts $50.3 million final budget, sets $1 million contingency and $6 million for road paving
Summary
Council adopted the town’s final FY 2026–27 budget at $50.3 million, including a $1 million general fund contingency and a $6 million pavement management allocation; staff said conservative revenue assumptions may be revisited as actual revenues trend upward.
The Fountain Hills Town Council unanimously approved the town’s final fiscal year 2026–27 budget on June 2, setting total appropriations at $50.3 million.
CFO Paul Holdinger presented the budget, noting the tentative budget had been discussed in earlier work sessions and public meetings. Key allocations include a general fund operating budget of about $26.8 million, a streets fund of $8.3 million with a $6 million pavement management program line, an $11 million capital improvement plan (funded in part by impact fees and other reserves), and a roughly $1 million general fund contingency.
Holdinger explained staff used conservative revenue projections but observed that revenues have begun to trend upward in recent months. He also described elimination of a one‑time $3 million assumed grant tied to a Dark Sky Discovery Center project that was not received; removing that item reduced both projected revenues and expenditures year‑over‑year.
Council members praised staff’s presentation and the town’s conservative fiscal approach. After discussion, the council voted unanimously to adopt Resolution 2026‑11, approving the final budget and associated recurring service authorizations.
What’s next: staff will proceed with implementation under the budget implementation policy and bring any recommended adjustments to the council if revenues materially exceed conservative projections.
