Phoenix approves $500M in bonds to fund public safety, housing, more

Dec 16, 2022, 12:00 PM

PHOENIX — The proposed $500 million General Obligation Bonds Program received approval by the Phoenix City Council to fund new and existing initiatives.

The council’s Fiscal Capacity Committee recommended the program to fund or rehabilitate infrastructure such as fire stations, police precincts, libraries, parks, storm drains and art centers.

The city said that $132.5 million would go toward public safety, $81.5 million to streets and storm drainage, $64 millions to parks and recreation and $63 million to housing, human services and homelessness.

General obligation bond programs require community approval, and voters will decide its future during a November 2023 special bond election.

“If voters approve, this will make our city safer, with better parks, better streets, better care for those in need and more,” Phoenix Mayor Kate Gallego said in a tweet.

Public safety projects include four new fire stations, the replacement of the Cactus Park Police Precinct and renovation of two other police stations.

An additional $26 million would benefit environment and sustainability efforts, such as funding for energy and water efficiency upgrades at city facilities.

A general obligation bond is a form of debt obligation that provides a local government with funds for capital improvements backed by secondary property tax revenues.

The Fiscal Capacity Committee determined that the bond program can be supported without increasing secondary property tax rates absent “unanticipated” legislative changes or economic impacts. Phoenix’s debt would remain below its constitutional debt limits.

The approval took three months of deliberation and the GO Bond Executive Committee — appointed in June — held 34 hybrid in-person and virtual meetings open to the public.

The last GO bond program was approved in 2006 for $878.5 million.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

Person planting a 5 foot tree...

Some residents in Mesa qualify for a free shade tree

Qualifying Mesa residents can now enroll in the city's tree shade program, which offers eligible participants the opportunity to plant a tree in their yard at no cost.

3 hours ago

Teen girl accused of attacking, robbing victim, Gilbert police say...

Gilbert PD arrest teen girl accused of attacking victim in youth violence case

The Gilbert Police Department said on Tuesday it arrested a teen girl accused of attacking and robbing a victim in September 2023.

4 hours ago

Southbound I-17 was closed for a fatal crash on Feb. 20, 2024. (ADOT Photo)...

Southbound I-17 reopens just north of metro Phoenix after fatal crash

The southbound I-17 reopened at around 6 p.m. after a fatal crash caused a shutdown, according to the Arizona Department of Transportation.

7 hours ago

Bob Sanders will officially become the Buckeye police chief on March 3, 2024. (Buckeye Photo)...

Buckeye appoints new police chief to lead West Valley city

Buckeye announced Tuesday it had promoted Bob Sanders to police chief after serving a decade as deputy police chief in the West Valley city.

8 hours ago

Saiya, at First Avenue and McKinley Street in the Roosevelt Row area, had its last beam placed on t...

Downtown Phoenix apartment tower Saiya reaches construction milestone

A downtown Phoenix high-rise apartment tower that has been under construction for nearly two years recently reached a milestone ahead of its anticipated summer opening.

9 hours ago

Peso pluma singing on Mesa's Sloan Park stage in 2023....

Mexican singer Peso Pluma to stop in Phoenix on ‘Exodo’ tour this fall

Mexican singer Peso Pluma announced a stop in Phoenix on his upcoming tour, officials said.

11 hours ago

Sponsored Articles


DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.


Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.


Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

Phoenix approves $500M in bonds to fund public safety, housing, more