Gilbert Town Council gave final approval June 9 to the town’s fiscal year 2026-27 budget, adopting a $2.554 billion spending plan while keeping the town’s secondary property tax rate unchanged for another year.
The council unanimously approved a secondary property tax levy of $36.64 million and later adopted the final budget on a 6-1 vote with Councilmember Jim Torgeson dissenting following public hearings on both items.
The budget comes after months of discussions over Gilbert’s long-term finances as town officials grapple with an estimated $20 million annual loss in ongoing revenue tied to state and federal policy changes, including the elimination of the residential rental tax and reductions in state-shared revenues.
