Conservative Budget Approach Continues to Strengthen City’s Financial Position
GLENDALE, Ariz. – The Glendale City Council has approved a fiscal year 2018-19 balanced budget of $689 million, which is an increase of two and one-half percent from last year. Glendale’s budget is prepared each fiscal year, which begins July 1 and ends June 30.
The budget for operations is $410 million, $149 million for capital improvement projects, $91 million for debt service and $39 million for contingency. It earmarks $208 million total for the general fund with $137.5 million for public safety.
“This is an exciting time for the city,” said Glendale City Manager Kevin Phelps. We are committed to continuing to provide those who call Glendale home with quality amenities and services and pleased to be the community of choice for our residents, businesses and employees.”
“Prudent financial decisions, coupled with conservative forecasting methods have successfully strengthened the city’s financial position. The city is poised to meet the service level requirements of our citizens and customers, while striving to provide more efficient and effective services using a strategic management framework,” said Budget and Finance Director Vicki Rios.
Development of the budget centered around the following key priorities:
Achieve a $50 million unrestricted fund balance by year 2020
No projected general fund deficits over the 5-year planning forecast
Enterprise Fund budgets reflect approved rate adjustments
Additional positions and programs
Building capacity to meet increased demand
Opening of Heroes Park Library
Continued funding for initiatives to improve efficiency
Budget highlights FY18-19:
No increase to Primary Property Tax Levy
Funding of School Resource Officer Program
New Heroes Park Library
Police technology enhancements
Fire ladder tender truck replacement
Forensic Scientist to speed Glendale Police evidence processing
Veterans’ success center
To view the budget in its entirety, visit the city’s website at www.glendaleaz.com.