San Tan Valley Development News

Santan Valley Council Approves Over $91 Million Budget for Fiscal Year 2026-2027

The Santan Valley Town Council adopted the Fiscal Year 2026-2027 budget, totaling over $91 million. This budget reflects a balanced approach with anticipated revenues of approximately $79 million and a carryover of $16.5 million. Key revenue streams include state income tax, state sales tax, and local sales tax (transaction privilege tax). The budget also addresses staffing, capital projects, infrastructure funding, and risk management through reserves. Despite concerns about development impact fees and potential delays in revenue collection due to state law changes, the council emphasized fiscal conservatism and responsible spending, aiming to build strong fund balances for future infrastructure needs and maintain a healthy financial standing for the new municipality.