Gilbert officials say the town may have to consider new revenue sources – including cutting back on some services, charging for downtown parking or even establishing a primary property tax – as it sees a growing budget squeeze in the fiscal year that begins July 1.
“FY27 is going to be worse than FY26,” said town Budget Director Kelly Pfost during a recent council retreat. “And we know FY26 was a really tight budget year, with a lot of things on our cutting room floor. There will be less available funds, there will be more needs.”
Town leaders said Gilbert’s finances are being pressured from two directions: internal requests for staffing and service expansions that outpace available General Fund dollars, and external factors expected to constrain revenues over the next several years…