Title
Adoption of the Tentative 2026-27 Capital Funds Budget (Ordinance S-52949) - Citywide
Description
An ordinance (Attachment A) adopting the tentative Capital Funds Budget for the City of Phoenix for the Fiscal Year 2026-27, in compliance with A.R.S. Title 42, Chapter 17, Article 3, and Phoenix City Charter Chapter XVIII, Section 6.
Report
Summary
This adopts the tentative 2026-27 Capital Funds Budget for the fiscal year beginning July 1, 2026, and ending June 30, 2027. The Capital Funds Budget will be funded by property tax and revenue supported bond proceeds, federal, state and other participation funds, passenger facility charges, customer facility charges, participation by other governmental entities in certain projects, development impact fees, capital grants, capital reserves, solid waste remediation funds and other capital funding sources.
Final adoption is scheduled for June 17, 2026.
Concurrence/Previous Council Action
The 2026-27 Capital Funds Budget is included in the Five-Year Capital Improvement Program resolution, also requested for Council approval on the June 3, 2026, Formal Agenda.
Department
Responsible Department
This item is submitted by City Manager Ed Zuercher, Deputy City Manager Amber Williamson and the Budget and Research Department.