This week during Council Workshop, the City Council reviewed the tentative budget for the 2021-2022 fiscal year starting July 1, 2021. The total budget of $1.2 billion consists of an operating budget of $730 million, capital improvements of $280 million, debt of $93 million and contingency of $139 million. The The budget does not have a property tax increase.
The largest increase in the budget is a one-time appropriation of $260 million to pay down the unfunded liability in the Public Safety Personnel Retirement System using special financial available to the city. This transaction is expected to decrease interest on the unfunded balance by $100 million over the next 17 years. The process is basically a refinance of the debt, which will not increase any taxes or fees to the residents, but will free up funds for other uses to improve the quality of life in Glendale.
The budget also calls for capital improvements of over $200 million for our streets, buildings, and parks and nearly $100 million in our water, sewer, and garbage services.
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Saint John Road, 75th Avenue to 79th Avenue – Removal and reconstruction of corner sidewalk ramps, as necessary, is currently taking place to prepare for a Micro Seal to take place late Spring 2021.
79th Avenue, Bell Road to Union Hills Drive – Removal and reconstruction of corner sidewalk ramps, as necessary, is currently taking place to prepare for a Thin Mill and Overlay to take place late Spring 2021.
Streets between Thunderbird Road and Acoma Drive, between 51st Avenue and 55th Avenue – Polymer Modified Surface Seal (PMSS) application to begin April 23.
75th Avenue frontage Road, south of Grovers Avenue – Polymer Modified Surface Seal (PMSS) application to take place May 4.
Streets from north of Cactus Road to Sweetwater Avenue, west of 51st Avenue to Columbine Drive – Slurry Seal application to take place Spring 2021.
Streets between Peoria Avenue and Cholla Street, between the Arizona Canal and 51st Avenue – Latex Modified Surface Seal (LMSS) application to take place early Spring 2021.
50th Avenue between Cholla Street to Sunnyside Drive – Latex Modified Surface Seal (LMSS) application to take place early Spring 2021.
Sunnyside Drive, between 50th Avenue and 51st Avenue – Latex Modified Surface Seal (LMSS) application to take place early Spring 2021.
Streets between Bell Road and Grovers Avenue, between 55th and 59th Avenue – Slurry Seal application to take place Spring 2021.
70th Avenue, between Bell Road and the Skunk Creek Wash – Slurry Seal application to take place Spring 2021.
55th Avenue, Cholla Street to Cactus Road - Slurry Seal application to take place Spring 2021.
61 Avenue, Bell Road to Greenbriar Drive – Slurry Seal application to take place Spring 2021.
63rd Avenue, Bell Road to Greenbriar Drive – Slurry Seal application to take place Spring 2021.