CHANDLER, Ariz. – The Chandler City Council has approved the city’s 2024-25 Budget and the 2025-2034 Capital Improvement Program (CIP), which will become effective on July 1, 2024.
The budget totals $1.63 billion across all operating and capital funds. That figure includes a $752.6 million operating budget for department expenses, including equipment, technology and vehicle replacements, debt service for municipal bonds, and budget contingencies and financial reserves.
It also includes $876.5 million in capital improvements, providing $238.9 million in new appropriation and $637.6 million for capital projects that are in progress.
Highlights of the budget:
- Maintains the lowest combined annual cost of services among Valley cities for water, wastewater, solid waste, property tax and sales tax.
- Reduces the city property tax rate for the 9th consecutive year, pending City Council final approval.
- Maintains the paid-off status of Chandler’s Public Safety Personnel Retirement System pension obligation.
- Invests millions in infrastructure projects to support streets, parks, public safety and other infrastructure and sustainability projects.
The City Council will vote to adopt the final Property Tax Levy as part of their June 27 meeting at 6 p.m. in the City Council Chambers, 88 E. Chicago St.
Many of the services provided to Chandler residents are financed through the General Fund, including police and fire services, libraries, maintenance of city streets, parks and other infrastructure. General Fund revenues largely come from local city sales tax and state-shared revenues.
Other services are financed through separate self-supporting Enterprise or Utility Funds, which include Water, Wastewater, Airport and Solid Waste services, which come from fees paid by users of the service. Also, other Special Revenue and Capital Project funds support services and the capital program, with revenues that come from the State of Arizona, grants, system development fees and bonds.
For more information, visit City of Chandler Budget and Capital Improvement Program or call the budget office at 480-782-2254.
Media contact:
Jennifer Honea
City of Chandler, Public Information Officer
480-782-2228