2025-26 City Manager's Proposed Budget (PDF)
BudgetAI Summary
The City of Phoenix presented its balanced Fiscal Year 2025-26 City Manager's Proposed Budget on May 6, 2025, which includes a projected $17 million General Fund surplus that the City Manager recommends be set aside as reserve due to economic uncertainty, slowing revenue collections, and potential impacts from state and federal funding changes. The budget proposal follows extensive community engagement, with 12 budget hearings held between April 1-16 that generated resident feedback broadly supportive of the proposed budget and requesting additional city services; the city also allocated $2 million in American Rescue Plan Act interest earnings to the Housing Trust Fund. Final budget action is scheduled for the May 21, 2025 City Council meeting, with detailed fund schedules included in the proposal.
Topics
Document preview
Preview blocked by the source? Use the "Open PDF" button above.
More budgets from Phoenix
- Budget
This is the Annual Comprehensive Financial Report of the City of Phoenix Employees' Retirement System for fiscal years ended June 30, 2025 and 2024, representing the system's seventy-ninth annual report. The document contains financial statements, investment performance data, actuarial analysis, and statistical schedules covering the retirement plan's operations as a component unit of the City of Phoenix. Key sections include a statement of fiduciary net position, changes in net pension liability, schedules of employer contributions and investment returns, and analysis of benefit expenses and membership data. The report was prepared jointly by the City of Phoenix Employees' Retirement System and the City of Phoenix Finance Department, located at 200 West Washington Avenue, Phoenix, Arizona.
AI summary