By Monica D. Spencer | InMaricopa
It appears city officials are mentally preparing to tighten their belts. Maricopa revenue is expected to plateau while state-shared and intergovernmental revenues will continue dropping for the upcoming fiscal year, according to numbers previewed in a Budget and Finance Council Subcommittee meeting yesterday.
“In the past, we were used to very exponential growth as a city. Now, we’re seeing more of a flattening, or plateauing of some of those revenue sources because of a lot of changes at the legislative level,” said Chief Financial Officer and Deputy City Manager Matt Kozlowski.
And while the city previously saw money pour in from licensing, fees and permits, it’s slowing to a trickle since fiscal year 2024. They expect to see $15.9 million from licensing, fees and permits, a $90,000 reduction in revenue from fiscal year 2025, and $6.6 million less than the previous year.
The revenue generated from local sales tax appears to grow to $43.8 million from $38.2 million, about $5 million of that would come from the proposed half-cent sales tax for the newly dubbed Commuting Corridors Sales Tax Fund. That’s contingent on the city council voting to approve the tax May 6.
