City of Tempe Strategy for Financial Stability
This document outlines the City of Tempe's strategy for achieving long-term financial stability by proposing a new 0.5% local sales tax. This tax is designed to replace revenues lost due to state legislative actions and fund critical investments in the community. Key focus areas include enhancing public safety, expanding early childhood care and preschool education, and improving public transit and multimodal infrastructure. The strategy aims to improve the quality of life for residents and mitigate the risk of service reductions, staffing impacts, and delayed capital investments.
