Budgets & Funding

By Roland Murphy for AZBEX New bond requests around the state delivered a mixed bag of results for public entities seeking new funding sources. Gilbert Transportation Bond: $515M The Town of Gilbert sought an ambitious …

Litchfield Park Mayor Thomas Schoaf has pledged to make better use of Highway User Revenue Funds for local road projects. Arizona raises HURF monies through fuel taxes and other vehicle operations fees and then distributes …

Chandler voters will see five questions as part of a bond request when ballots start arriving in their mailboxes this week. The City has broken its $272.7M bond measure – its first in 14 years …

Voters in the Higley Unified School District will be presented with a $95M bond for building renovations, buses and buying out a lease agreement. According to voter materials, a home with an assessed value of …

Opposition has already begun to Gilbert’s proposed $515M bond request in the Nov. 2 election. Planned projects to be funded under the request include the Ocotillo Bridge, road repairs and trail crossings. In a recent …

The Yuma Marine Corps Air Station and Yuma International Airport stand to receive $6.8M in project funding over the next five years if the current version of the Infrastructure Investment and Jobs Act is passed and signed into law.  The current version …

Litchfield Park has adopted a $45.2M Fiscal Year 2022 budget. The measure approved by the City Council is unchanged from the tentative budget approved in June.  Capital costs increased nearly $22M year-over-year. Projects include $4M for the City Center, …

A $200M plan to fund water project in regions lacking proper supplies appears likely to pass the Arizona Legislature.  The funding is intended to aid water supply and conservation projects and help meet long-term water needs.   Proposed as …

By Arizona Department of Transportation The Arizona State Transportation Board has approved the 2022-2026 Five Year Transportation Facilities Construction Program, clearing the way for $1B annually in highway improvements during the next five years. The …

Arizona Western College has won approval from the community college district governing board for a 2021/2022 budget of $163.6M. The budget includes a $35M revenue bond for capital building projects, including an Allied Health Building, …

Chandler voters will see five bond issues totaling $272M on the all mail-in November 2022 ballot. The issues will address projects under the City’s 10-year Capital Improvement Plan and will not increase property tax rates. …

The $1.78B tentative budget recently adopted by Scottsdale City Council includes up to $10M to address the city’s shortage of affordable housing. The budget includes $346.3M in General Fund spending and $821.2M for capital projects. …

The Yuma City Council held a work session last week for its ongoing discussions on the Fiscal Year 2021/22 budget, the FY2022 Capital Improvement and Five-year Capital Improvement programs.  The FY2021 CIP was relatively conservative due to the COVID-19 pandemic. FY2022 totals 77 …

Peoria’s $695M Fiscal Year 2022 tentative budget has been approved by City Council. The budget represents a 4.5 percent increase from FY 2021. Council will likely approve the final budget May 18th. The City’s $835.6M …

Yuma County’s proposed budget for FY 2021-2022 has come out as $464M, up 58 percent from the year before. No property tax increase was recommended. Assessed property values increased by $79M, up 6.15 percent. New …

Budget, Policy & Stimulus News New PPP Extension Leads to Pushing for Bigger Loans The House last week passed the PPP Extension Act of 2021. If approved and signed into law, the measure will extend …

Budget, Policy & Stimulus News Pinal to Get $90M in New Relief Funds The $1.9T American Rescue Plan will send more than $90M to Pinal County. Casa Grande, Maricopa and other cities will receive additional …

By Arizona Department of Transportation   Governor Doug Ducey today announced $230M in new transportation infrastructure investments that will enhance highway safety and meet the demand of new residents moving to Arizona.   The funding comes from transportation dollars, including higher …

Economic News  Shorter Leases = More Difficult Underwriting  Among the ongoing debates and difficulties facing the future of the office market in what wake of the ongoing pandemic, many tenants are opting for shorter lease …

Budget, Policy & Stimulus News What’s in the New Relief Package? The recently signed 5,500-page-plus stimulus and relief measure includes another $284B in forgivable Paycheck Protection Program loans, new treatment for PPP expenses, simplified forms, grants for live events …

Budget, Policy & Stimulus News Trump Signs Relief Package President Donald Trump has signed off on a $900B pandemic relief package. In addition to the COVID-related spending, the bill also includes $1.4T to continue government …

Budget, Policy & Stimulus News Washington Finally Advances New Relief Following months of back and forth squabbling, negotiators in Washington announced an agreement to issue nearly $1T in new COVID-19 economic relief and stimulus. Included …

Budget, Policy & Stimulus News  Glendale Wants to Use CARES Act Funds for Homelessness  Glendale’s Community Services Department has proposed a pilot program to curb homelessness by devoting $3.2M of a one-time grant fund through the Coronavirus Aid, Relief, and …