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Financial Excellence
The Budget & Research Department is committed to maintaining a fiscally sound and sustainable budget that reflects City Council and community priorities.
Priorities
- Maintain high bond ratings
- Prioritize funding plans for critical infrastructure
- Provide accurate and reliable forecasting
- Maintain a transparent financial environment
Goals
- Expand community engagement effort to involve and educate the public on the budget process.
- Continue to improve economic forecasting by consulting with UofA which coordinates the State Forecasting Project.
Budget Timeline
- August-February: Revenue and expenditure estimates are updated.
- March: City Manager's Proposed Trial Budget and Preliminary Capital Improvement Program presented to Council.
- April: Public budget hearings are held and input is provided to Council.
- May: City Manager's Budget presented and Council provides policy guidance.
- June: Tentative and Final budgets are presented to Council and the 5-year Capital Improvement Program is adopted.
- July: Council adopts the property tax rates and property tax levies specified in the budget.
General Obligation Bond Program
On November 7, 2023, Phoenix Voters passed the City Council approved $500 million General Obligation (GO) Bond Program. GO Bond programs help to fund critical infrastructure and rehabilitation needs of City facilities such as parks, libraries, fire and police stations, affordable housing, streets and storm drains. Approved projects will be prioritized and allocated over the five-year period of 2024-25 to 2028-29 and included in the annual Preliminary Capital Improvement Program (CIP) presented to City Council each spring.
Important Budget Information
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Annual Budget Process
Review reports on the annual budget.
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Budget Documents and Reports
Learn how city operations are funded and how tax dollars are spent. Explore all the city programs and services.
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General Obligation Bond
General Obligation (GO) Bond Program helps to fund critical infrastructure and rehabilitation needs of City facilities, such as parks and affordable housing.
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Budget Hearings
Community Feedback is a vital part of the budget process.
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Budget Ordinances, Summary Schedules, and State Forms
Explore Phoenix's budget ordinances, summary schedules, and state forms for comprehensive financial insights and transparency.
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Current Revenue Report
View the latest revenue report.
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Budget Library
Explore Phoenix's Budget Library of budget process documents from each fiscal year. The library provides transparency to the community.
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Strategic Plan
Throughout the budget cycle, a Phoenix Strategic Plan proves beneficial in communicating and setting budget priorities.
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Pension Funding Policies
The City of Phoenix Retirement Office is dedicated to administering a retirement plan for past, current, and future City of Phoenix employees.
Additional Resources
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Phoenix City Council Meetings
Find Phoenix City Council meetings.
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Finance
The Finance Department offers accounting and financial reports, procurement, treasury, risk, inventory management, tax and licensing, and real estate services.
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Glossary
Explore Phoenix's budget glossary for clear definitions of financial terms, enhancing your understanding of City budget documents and reports.
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Phoenix Checkbook
This site is designed to help you understand more about the operations and performance of Phoenix.
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Public Records Request
Discover how to access City of Phoenix public records from across the City's departments and functions.
News
Contact the Budget and Research Department
200 W. Washington St., 14th Floor
Phoenix, AZ 85003
Phone: 602-262-4800
TTY: Use 7-1-1
Email: budget.research@phoenix.gov
Follow #PhoenixBudget on social media.