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Published on May 10, 2024
Maricopa City Council Approves Budget with Property Tax Cut, Boosts Public Safety and DevelopmentSource: Google Street View

Maricopa residents can look forward to keeping a bit more cash in their pockets as the City Council gives the green light to the 2024-2025 tentative budget, slashing property taxes and upping the ante on infrastructure, economic development, and public safety. According to a report, this budget approval signifies the start of an energetic phase for the city, with Mayor Smith charging ahead with her State of the City message: "Day one or one day. You decide."

In a move welcomed by taxpayers, Maricopa announces a property tax cut for the sixth year in a row. The new budget includes a 7% reduction from the previous year, marking an aggregate 25% dip over the past half-decade. Despite hiccups in state-shared revenues due to Arizona's new flat rate income tax, Maricopa's persistent growth allows for these tax cuts without skimping on quality civic amenities. "For the sixth consecutive year, Maricopa residents will benefit from a reduction in property taxes," details a public release.

This year's budget also showcases a balance with revenues outpacing expenditures, an observation highlighted by Maricopa's economic planner. While revenues have surged by 26.7% over three years, expenditures have risen by 22.1%, allowing the budget to balance and thrive. "We’re not. We are able to invest the difference back into our city with our capital improvement projects," Kozlowski explained in the budget presentation, aiming to dispel any concerns about fiscal irresponsibility.

Laying down the tracks for Maricopa's future, the City Council outlined a $150 million Capital Improvement Plan. Significant allocations include $12.474 million for land acquisition to drive job growth and $4.081 million for easing traffic bottlenecks. A substantial $16.199 million is earmarked for a new Recreation Field House, designed to boost local recreation and position Maricopa as a hot spot for sports tourism. While city dwellers might face short-term disruptions, City Manager Ben Bitter underscores a forward-looking approach, "We must enhance our civility, focusing on the solutions instead of the temporary growing pains," as per the statements laid out in the report.

Maricopa stands committed to its civic mission, pouring resources into public safety, infrastructure, and economic development, crucial for a city on the up. A whopping 61.6% of all new budget approvals are funneled into public safety, adding weight to the city's resolve for security. Mayor Nancy Smith proudly announces, "I love that there are three firefighters and four police officer positions being added because I get asked if we are keeping up with where we need to be," during her recent address, as reported by the city's news release. The final seal of approval on the budget is expected to come by June 4, giving the council time to tweak and tune commitments within the spending framework.

Phoenix-Real Estate & Development