Queen Creek council to consider $867M budget for 2023-24
Posted 5/2/23
Queen Creek’s proposed budget for the upcoming fiscal year will be considered by the town council for tentative approval at its Wednesday, May 3 meeting.
The final budget approval is …
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Queen Creek’s proposed budget for the upcoming fiscal year will be considered by the town council for tentative approval at its Wednesday, May 3 meeting.
The final budget approval is scheduled for the council’s Wednesday, May 17 meeting. The budget is available for review on the town’s website.
According to a press release, the fiscal year 2023-24 budget totals $867.1 million. Nearly 70% of the budget is for capital infrastructure investments, with $87.8 million to continue progress related to transportation improvements; $170.9 million for parks and trails infrastructure; $168.1 million for water resources; $53 million for public safety; $74.5 million for water and wastewater infrastructure; and $2 million for municipal facilities.
The council considers the town manager’s recommended budget and ultimately adopts a final budget for the fiscal year. The next steps for the town’s budget include:
May 3 – Council considers and votes on the tentative budget (the expenditure ceiling).
May 17 – Council votes on final budget (all programs and services) after a public hearing.
June 7 – Council adopts the property tax levy (set at the rate to maintain the freeze previously approved by council).
July 1 – The 2023-24 fiscal year begins, and the approved budget goes into effect.
Arizona law requires all municipalities to adopt an annual, balanced budget.
