Gilbert could consider higher sales taxes, new fees, spending reductions and property tax measures as it confronts a $20 million annual revenue shortfall that threatens its ability to maintain services and infrastructure.
Town officials presented a broad financial framework during the town council's Nov. 5 fall retreat, outlining options developed by staff, business representatives and citizen advisory boards. No final decisions were made on the proposals, which could shape the town's financial policies for years.
The challenge stems largely from state and federal actions that have reduced Gilbert's ongoing revenues by approximately $20 million annually, even as the town approaches build-out and faces increasing costs to maintain its infrastructure.
