Buckeye approves Fiscal Year 20/21 budget
The Buckeye City Council approved the 20/21 Fiscal Year budget at their regularly scheduled meeting last night.
Council adopted the conservative strategy for the approximately $330 million budget to plan as if revenues will be similar to previous year, while capping expenses and building up reserves. This approach gives the city fiscal flexibility and accountability, while properly maintaining and operating the public infrastructure.
The most significant capital project underway is the Broadway Road Water Campus. Project completion is expected in early 2022. The Water Infrastructure Finance Authority provided a $108.5 million loan for this project, $64 million is in this year’s budget.
Buckeye also has approximately $3 million in General Fund capital projects already underway that must be completed to fulfill contractual obligations.
- Improvements to the Jackrabbit Trail and Indian School Road intersection, $476,000
- Expansion of the Park-n-Ride, $397,000
- Enhancements on Watson Road, MC85 to Southern, $385,000
- Completion of the Police Evidence Building, $300,000
There are an additional $16 million in other capital projects proposed if revenues become available.
This year, Buckeye modified the public outreach process for input on the city budget to comply with CDC Guidelines of large gatherings and to promote physical distancing. An online video and comment form replaced the public meetings usually scheduled throughout the city during May.
On June 16, the Buckeye City Council adopted its Tentative Budget.
View the city's Fiscal Year 2020/21 Budget Brief.
To learn more about the city’s finances, please visit the city's Financial Services pages.