Budget recommends a $4.1 million increase to the Municipal and General fund property tax revenues to address impacts of inflation and maintain expected service levels in the community while continuing progress in areas of environmental sustainability and other valued programs
Coalville, UT (October 11, 2017) – Summit County Manager Tom Fisher shared his proposal for the 2018 County Budget with County Council members during Wednesday’s County Council meeting. The recommended budget of $53.3 million includes an increase that follows what was recommended as part of the Truth in Taxation process that allows a taxing entity to consider raising revenue, or a 27% increase to property tax revenues. The proposed increase of $4.1 million would designate $3.0 million to the General Fund and $1.1 million for the Municipal Services Fund. A complete look at the manager’s staff report and budget recommendation is available online.
“Without an increase in property tax revenues, Summit County will be forced to reduce or eliminate programs and services supported by the General and Municipal Funds in order to adopt a balanced budget. It will also prevent us from making responsible additions to our Fund Balances, funds which are necessary to draw upon in economic downturns,” said Fisher.
This budget includes updates in key service areas such as public safety and public works. The budget allows for improvements in areas that support the Council’s strategic priorities, including transportation and congestion, workforce housing, environmental stewardship, refining county general plans and development codes, as well as mental health and substance abuse issues.
The budget also calls for a $1.6 million contribution to fund balances, to help restore funds that were reduced as a result of using pay-as-you-go financing as a part of constructing the Kamas Services Building and acquiring property in the Jeremy Ranch area. (Cline/Dahle).
“Our constituents have come to know and expect a certain service level in Summit County. It is our duty to take a serious look at all revenues and expenditures in order to consider the implications of not adopting this budget. In order to maintain current service levels and grow in areas that are strategic priorities of the Council, we really need to consider this budget with its proposed increase to property tax revenues,” said Council Chair Chris Robinson.
Another highlight of the recommended budget is the capital plan that reflects the two transportation related sales taxes that were adopted by referendum in 2016. Using a combination of bond financing and pay-as-you-go financing, the County will complete projects like the Jeremy Ranch interchange improvements, remote parking projects, improvements to Kilby Road and fund the small cities program that will assist with municipal projects for cities on the east side of the County.
In the next two months the Council will hear several budget presentations and then weigh several priorities and determine which projects are high-priority and should be included in the final 2018 budget. The Council has until December 31st to adopt a 2018 budget. Public hearings will take place December 6 at the Richins Building in Kimball Junction and December 13th at the courthouse in Coalville.
About Summit County:
Located in the northeast corner of Utah along the Wasatch Back, Summit County is home to more than 41,000 residents. Created in 1854, Summit County was named for the summits of the mountains, including 39 of the highest mountain peaks in Utah. Six municipalities make up Summit County, including Coalville, Francis, Henefer, Kamas, Oakley and Park City. The county seat is quiet, scenic Coalville, located on the I-80 corridor. For more information visit www.summitcounty.org.
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