Maricopa County Supervisors on Monday unanimously approved a $2.26 billion budget for the fiscal year that begins July 1, absorbing $46.1 million in new expenditures and contributions required by state government with little or no growth in revenues, and a flat property tax levy that will reduce county-controlled tax bills for most homeowners, according to a county press release.
For the third year in a row, there will be no pay raises for county employees.
According to the release, economic forecasts remain pessimistic in the Valley. Revenues from sales, vehicle license and jail excise taxes are expected to remain flat for the near future, while property assessed values are starting to decline.
The Board of Supervisors held overall county property taxes flat, spreading some of the burden from existing properties to new properties, the release said. Most homeowners' county-controlled tax bills will be reduced, with the typical homeowner saving about $25 in property taxes.