Maintaining Fiscal Sustainability
Voters approved the Home Rule proposition and City Council rolled back the property tax rate to mitigate increases in accessed property value. Chandler follows rigorous financial policies, maintains a structurally balanced budget, validates and reviews taxpayer transactions and is among the few cities in the nation with a AAA Bond rating from all three rating agencies. The electronic submittal and expedited review of architecture and engineering plans facilitated efficiency in the development process. A cost of service study adjusted utility rates to align with the cost to provide service to residential, commercial and industrial customers.
Financial stability, well-planned infrastructure and high quality, low-cost services are hallmarks for Chandler. Each year, the City Council adopts a structurally balanced and financially stable operating budget and capital improvement program that aligns City services with council priorities.
Chandler taxpayers can be assured that their community continues to have some of the lowest cost of services, utility charges, sales tax rates and staffing levels in the Valley of the Sun. Chandler staff regularly compares utility rates, tax levels, and fees with other cities to see how our community compares in terms of the cost of key essential services, the impact of sales tax and property tax rates, and the efficiency of the workforce in providing service to the citizens.
Among the eight largest Valley communities, the City of Chandler has:
the second lowest total cost of municipal services and taxes in the Valley, which incorporates utility rates, sales taxes paid, and property taxes paid by a typical homeowner.
the second lowest combined monthly utility bill (water, wastewater, solid waste), based upon a single family residence using 10,000 gallons of water per month.
the third lowest combined primary and secondary property tax amounts per median single-family home.
the fourth lowest amount of sales tax paid by the average household.
Where the Money Comes From
* FY 2017-18 Property Tax adopted amount of $30,749,600 includes Prior Year Property Tax (Primary and Secondary) of $250,000.
FY 2018-19 Property Tax adopted amount of $31,896,699 includes Prior Year Property Tax (Primary and Secondary) of $200,000.
Where the Money Goes
* During FY 2017-18, the City Departmental structure was reorganized. Historical data related to measures, dollar amounts, or positions reported from another department/cost center prior to the reorganization is included with the appropriate measures, dollar amounts, or positions now reflected in the current organizational structure.
^ Major Capital does not include $18,087,874 of reserves appropriated for cost center 1291, Non-departmental Capital, as it is included in the Contingency & Reserves category for FY 2017-18 and $13,750,084 for FY 2018-19.
# Contingency & Reserve funds are one-time appropriations comprised of various funds of which the majority is restricted in their use. Contingency funds can be used for unanticipated revenue shortfalls and unforeseen or emergency expenditures. Use of these funds requires Council approval.