The town of Gilbert’s fiscal year 2023-24 budget proposal crosses the $2 billion threshold for the first time — five years after first going over $1 billion and nearly $379 million more than the current budget.
But Gilbert’s budgets come with a caveat. They include all the money set aside for future capital improvement projects, not just what the town will spend in the coming fiscal year. The CIP budget line makes up two-thirds of the total budget.
The $2.05 billion budget proposal was the subject of a Gilbert Town Council study session April 18. Budget Director Kelly Pfost presented the details to council. It goes before council for preliminary approval in May and final approval in June.
