Inflation’s impact on Scottsdale’s Capital Improvement Program

When Scottsdale voters approved 58 bond projects in November 2019, project budgets were based upon the best estimates available at the time. Since then, the ripples of a global pandemic have impacted city construction projects significantly—projects cost more to build—much more in some cases.

While 11 of the 2019 bond projects are already complete, and 20 more are in progress with no additional funding currently needed, the Fiscal Year 2023/24 Capital Improvement Program budget proposes to use about $54 million in one-time funding to add money to 10 projects to cover the cost of inflation. The additional funding comes from unanticipated revenue above projections and savings from other areas.

Some of the priority projects in need of additional funding include Thompson Peak Park Dog Park, a new fire station near Hayden Road and Loop 101, repairs to the lakes and irrigation in the Indian Bend Wash, an expansion to Via Linda Senior Center and improvements to the 911 call center and city jail. These projects will begin design or construction in the next year. 

During the 2019 bond election, the city committed to voters that the secondary property tax rate would not increase more than the rate at the time of the vote to pay for the new projects, and that commitment is being met. View an interactive map with project details and cost breakdowns.