Gilbert expects economic growth despite housing slowdown

Screen Shot 2015-01-07 at 7.55.45 AMBy Eric Mungenast | East Valley Tribune

The number of new homes in Gilbert might slow down by the end of 2015, but officials from the town, chamber and school districts anticipate an uptick in business and a few technology changes for the education vector.

Gilbert Town Manager Patrick Banger said the town anticipates a slight decrease in residential construction by the end of 2015, with the town’s population building up to approximately 240,000. That’s 90,000 people fewer than the expected maximum population, although 10,000 more than the 2014 estimated population.

A slower growth this year won’t hurt a probable influx in funding from the state via a special census to take place in 2015. The census, which Banger said will account for population growth since the last census, will add some padding to the town’s general fund for the foreseeable future.

Continued:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories