The Queen Creek Planning and Zoning Commission meeting on May 15, 2025, focused heavily on the town's proposed budget, which stands at an impressive $682.7 million. Deputy Finance Director Dan Olson presented the budget, emphasizing the importance of responsible financial stewardship and the need to allocate taxpayer money effectively.
Olson highlighted that the budget is not merely a financial document but a reflection of the town's priorities and goals. He explained that the budget is developed with a focus on intergenerational equity, ensuring that those who benefit from services contribute to their costs over time. This approach is particularly relevant for infrastructure projects, such as roads, which are funded through a combination of debt and impact fees.
A significant portion of the budget—over half—is dedicated to building infrastructure, which includes roads, water, and sewer systems. The town is also adding 37 new positions, primarily in public safety, to meet the needs of a growing population, which is projected to exceed 89,000 residents in the near future.
The meeting also addressed the anticipated slowdown in revenue growth, which has historically been robust. Olson noted that while the town has enjoyed double-digit growth in recent years, this trend is expected to taper off. He reassured attendees that the budget planning includes a five-year projection to maintain balance and avoid overspending.
Commissioners raised questions about the funding sources for ongoing infrastructure development, to which Olson responded that a mix of debt issuance and cash from impact fees would support these projects. The town has established a policy to maintain an operating reserve of at least 25% of the next year's revenues, ensuring financial stability.
As the town council prepares to finalize the budget, residents can expect further discussions on water and wastewater rate increases, which are part of the broader strategy to support infrastructure needs. The budget will be available for public review on the town's website, and residents are encouraged to engage with their local government regarding these important financial decisions.