By Jay Taylor | InMaricopa
The City of Maricopa unveiled Wednesday a preliminary spending plan of about $189 million for the next fiscal year.
Its operating budget will grow 10%, to $60.4 million, for 2022-2023. About $129 million is budgeted for capital improvement projects. The city’s budgeted operating revenue grew from $62.48 million to $78.23 million according to the budget report. The increase came primarily from intergovernmental revenues and local sales taxes.
The plan unveiled Wednesday includes a property tax rate cut – for the fifth consecutive year. Still, the City will generate more revenue because of growth in the housing market and higher property values.
