Development News for Surprise, Arizona

City Council Approves Property Tax Rates, FY2027 Budget, and GPEC Agreement

The City Council convened a special meeting to discuss and approve several financial and budgetary items. Key decisions included the intent to levy primary and secondary property taxes at rates consistent with the previous year (0.5534 and 0.3880, respectively), with a total combined rate of 0.9414, positioning Surprise as having the lowest combined rate among West Valley cities. The council also adopted the final budget for fiscal year 2027, totaling $1.01 billion, with an expenditure limit of $966.6 million, reflecting a $8.8 million reduction from the tentative budget. Additionally, the council approved the intent to adopt street light improvement district property tax levies and a funding agreement with the Greater Phoenix Economic Council (GPEC) for fiscal year 2027.