Town Manager’s Recommended Budget for fiscal year 2024/25 released
Published on May 06, 2024
ORO VALLEY, Ariz. (May 6, 2024) – The Town of Oro Valley Town Manager’s Recommended Budget for fiscal year 2024/25 is now available online. Click here to view the budget document in its entirety.
The General Fund, as the Town’s main operating fund, totals $53.1 million, a 4.1% decrease from the prior fiscal year. The total budget is $156.4 million, which includes all funds for highway, water, stormwater, parks and recreation, grants, debt service, and capital.
Messaging within the Town Manager’s Recommended Budget for FY 2024/25 includes the following:
Heading into FY 24/25 and over the next couple of years, cities and towns across Arizona will be grappling with legislation that reduced state income taxes, resulting in significant declines in this important, ongoing shared revenue source for municipalities. The Town is planning judiciously for these declines with a critical eye towards ongoing spending, continuing to balance community needs with the considerable reduction in this major revenue source.
The Town has yet to see any measurable relief from inflationary pressures. For FY 24/25, areas of further increase include water delivery costs, medical claim costs, contract management expenditures, utilities, software subscription costs, and street maintenance.
This FY 2024/25 budget reflects the priorities of the current Strategic Plan:
Public Safety: The Recommended Budget continues to prioritize funding for the health, wellness, and safety of Town first responders, including ample training, up-to-date equipment, significant health and wellness investments, as well as a focus on community education and awareness.
Parks and Recreation: The Recommended Budget focuses on investing in and maintaining Oro Valley recreational assets, the Oro Valley trail system, and increasing resident involvement in multi-generational recreation opportunities and programming.
Roads: The Recommended Budget includes resources to continue funding the Town’s highly successful Pavement Preservation Program.
Water: The Water Utility will continue progress towards the partnered and independent components of the regional Northwest Recharge, Recovery and Delivery System.
The budget process involves the prudent allocation of resources across Town operations to continue and improve the high service levels Oro Valley residents expect to live, work, play, and prosper in our community.
Budget process public meetings
As part of the budget process, the following public meetings will be held at Council Chambers (11000 N. La Cañada Drive). The public is invited to stay informed and participate in the process.
May 8 at 5 p.m. – Council Budget Study Session #1
May 9 at 5 p.m. – Council Budget Study Session #2
June 5 at 6 p.m. – Public Hearing and tentative budget adoption
June 19 at 6 p.m. – Public Hearing and final budget adoption
For any questions, please contact ask@orovalleyaz.gov.