Council to Vote on Budget, Property Tax Levy and Capital Improvement Plan Tuesday

Mayor Brigette Peterson | City of Gilbert Official Website

By SE Valley Times Report

Jun 4, 2023

Gilbert, Ariz. – On Tuesday, the Gilbert Town Council will vote on a variety of annual proposals for the upcoming fiscal year.

The town's proposed final budget, property tax levy and resulting tax rate and Capital Improvement Plan will all be up for consideration during the June 6 council meeting.

Fiscal Year (FY) 2023-24 runs from July 1, 2023 through June 30, 2024.

Review the Fiscal Year 2023-24 proposals below:

Final Town Budget

Gilbert’s proposed maximum budget for the upcoming fiscal is $2,049,501,300.

The final budget outlines Gilbert’s projected expenses and revenue for FY 2023-24. It also serves as a comprehensive guide to ensuring the town will remain a responsible stewardship of taxpayer dollars while continuing to:

Deliver core services
Support vital infrastructure projects
Maintain exceptional community standards

Secondary Property Tax Levy

The proposed secondary property tax levy for the upcoming fiscal year is $31,600,000 (estimated tax rate of $0.9883 per $100 of assessed value).

The cost of the levy is divided among all the homes and businesses in Gilbert.

Gilbert’s secondary property tax is used to repay debt that voters have authorized on a ballot, like transportation or public safety projects.

Gilbert does not have a primary property tax, which is often used for general operations like police, fire or parks. Instead, the town uses sales tax money to pay for these things.

Learn more.

Capital Improvement Plan

The Capital Improvement Plan (CIP) outlines the estimated costs of Gilbert’s infrastructure needs for the next fiscal year and identifies the funding sources for projects.

The total CIP includes $1.36 billion in projects:

$917 million in carry forward funding for projects that began in prior fiscal year and are still in progress
$447 million in new funding for upcoming projects

The Gilbert Town Council adopts a new budget, property tax levy and Capital Improvement Plan ahead of each new fiscal year.

Council Meeting Details