You’re right to be curious about Payson’s budget! It gives you insight into the town’s priorities and financial health. Here’s a summary of key information, based on Payson’s official budget documents and financial reports:
Payson, AZ Budget Overview (Fiscal Year 2023-2024):
- Total Budget: Approximately $54.7 million
- General Fund: Around $22.8 million (This covers most day-to-day operations like public safety, parks, and administration)
- Key Revenue Sources:
- Property taxes (about 38%)
- Sales taxes (about 29%)
- State shared revenues (about 14%)
- Other sources (licenses, permits, fees, etc.)
Where the Money Goes:
- Public Safety: A significant portion goes to police, fire, and emergency services.
- Public Works: Maintaining streets, infrastructure, and water services.
- Parks and Recreation: Funding for parks, trails, and recreation programs.
- Administration and General Government: Costs of running the town government.
- Debt Service: Paying off any outstanding debt.
Financial Health:
- Balanced Budget: Payson consistently aims for a balanced budget, meaning revenues match expenditures.
- Reserves: The town maintains healthy reserves to handle unexpected expenses or economic downturns.
- Credit Rating: Payson has a good credit rating, which helps with borrowing for capital projects.
Where to Find More Details:
- Town of Payson Website: The official website has budget documents, financial reports, and meeting minutes. Look for the “Finance” or “Financial Transparency” section.
- Gila County Website: The county website may also have relevant information about Payson’s finances.
Why Brian Inman Can Be a Resource:
While Brian is a real estate expert, not a budget analyst, his local knowledge can be helpful in understanding how the town’s budget might impact your experience as a resident or property owner. He can:
- Offer Insights: Provide context about how tax dollars are used for things like schools, roads, and community services.
- Connect You with Resources: If you have in-depth budget questions, he can direct you to the appropriate town officials or departments.
- Explain the Big Picture: Help you understand how the town’s financial health might affect property values and the overall desirability of living in Payson.
If you have specific questions about Payson’s budget, it’s always best to consult the official town documents or contact the appropriate departments directly.