Who wants to talk city budget?!
Did I already lose you on just that first sentence? 😬😴
If so, I understand! I would've scrolled past too. But if you are interested in a simplified budget explanation, I hope you will continue reading. These are your tax dollars after all! Where do they go?!?
On Tuesday June 8th there will be a public hearing to pass fiscal year budget 2021-2022. The admin of finance committee has been working so hard at this budget for months now. I appreciate their time and dedication to this task, it is no small feat. This is your opportunity to relay back to your representatives your concerns, comments and questions on the budget and how your tax dollars are being implemented. This will be 6pm at city hall.
Here's a look at the budget at a glance:
•SWC has approximately $2.6 million available spending dollars to allocate at the discretion of the city (meaning funds that have not already been earmarked or assigned to other areas).
•Our debt has decreased to just under $200k due to principal payment on bonds. •The city's current property tax rate is proposed to bring in just under $755k for 2021-2022. Because the county is discontinuing paramedic services, the taxes SW citizens pay for those services to Davis County will be redirected to SWC after a truth in taxation hearing. This will raise the revenue to just over $830k, but that excess is expected to be applied to the costs of providing our own paramedic services.
•SWC currently has just under $640k in savings as a rainy day funds and to float monies while waiting for property tax funds to come in, which is 24.4% general fund total revenue.
•Capital Projects are one time costs for projects. The proposed budgets includes several different items for this fiscal year. Some of these are demolition of the Civic Building (directly in front of the fire station), streetlight replacement program (moving us to own our own streetlights rather than Rocky Mountain Power), a baseball diamond for Cherry Farms park and upgrades to Canyon Meadows Park and design for a new public works building among others. You can see review these updates and the budgeted amounts on page 10 and 11 of the city's proposed budget (linked below).
•SWC will also be doing updates to many roads in this proposed budget, including mill & overlay for 475 E, View Drive and Heather Cove. Chip and seal will take place on 4 other streets and various other places within the city. You can see a map of all street upgrades on page 95.
•The budget will let you see exactly where other funds are going to - police and fire, employees, vehicle replacement programs, infrastructure costs and more.
That wasn't so bad right? I hope you will each take a moment to dig in and see exactly where the revenue and funds SWC has is going. And I equally hope that you will come and let us know how you think we are doing on Tuesday evening! Please don't hesitate to ask any questions you may have. ☺️
To see the packet for Tuesday's meeting go here:
To see the proposed budget only, go here:
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