Queen Creek’s coffers are getting a bit fuller this fiscal year thanks to population growth and a strong economy.
According to a town official, Queen Creek’s fiscal year 2021-22 operating budget has increased from $96.7 million to $106.3 million.
Driving the growth are an increasing population, more businesses and sales taxes, city officials said.
Revenue projections during the next five years are expected to rise from $106.3 million this fiscal year to $158.4 million in fiscal year 2026-27. Meanwhile, Queen Creek’s population is expected to grow from 71,850 in 2022 to 116,900 in 2030. Single-family and multifamily buildout is expected when the population reaches 150,000, according to city data.
Looking at a 10-year population projection, single family and multifamily dwelling units are expected to increase by 17,695 or more than 90%.
As for non-residential building, the town, excluding state land, will be built out at 7.2 million square feet, or 5.9 million square feet in Maricopa County and 1.3 million square feet in Pinal County. Non-residential development includes mixed development, light industrial, office and regional and community commercial.
According to the town report, non-residential development continues to lag behind residential development.
Janet Perez News Editor | Queen Creek &
San Tan Valley @AzNewsmedia
Meet Janet Janet Perez joined Independent Newsmedia as editor of the Queen Creek Independent and Florence Independent in 2020. She started her career in 1989 with the Gannett-owned El Paso Times. In 1992, she moved to Tempe and has worked in newspapers, magazines, radio and television. She left Arizona for three years to work at New Mexico State University and Baylor University before returning to work at Arizona State University. Missing the business, she went back to journalism in 2017.
Community: A long-time pet owner, she supports animal welfare causes.
Education: University of Texas at El Paso with a BA in journalism and a minor in political science.
Random Fact: She had a head full of random facts.
Hobbies: Reading, watching documentaries, cooking and playing with her dogs.
Comments
No comments on this item Please log in to comment by clicking here