Gilbert capital program budget reaches record level

By Rebekah Morris | AZBEX

The Town of Gilbert is the third-largest public agency in the state when considering capital programs, with the five-year total coming in at more than $2.1B. Only ADOTand City of Phoenix have larger capital programs.

Not in the too distant past, Gilbert’s CIP budget was less than one-quarter of what it is today. As recently as seven years ago, the total five-year CIP budget was only $508.9M, which was roughly the same level for the four years prior to FY 2016. Fiscal years 2017 – 2018 – 2019 saw the Town’s CIP budget grow substantially, ending at just under that $1B mark in FY 2019. Since FY 2020, the Town has consistently set new record high levels of capital investment with each passing year, with this fiscal year’s budget showing $2.1B+ in the CIP.

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