Midvale looking at 12 percent property tax hike
The 12 percent increase would help fund services that will be needed in the Bingham Junction development, being built on a former Superfund site to the west of town, said city manager Kane Loader.
If the increase goes through, full-time law enforcement and firefighters would be added, as would a full-time position in parks and recreation.
The increase would help make up for the fact that Midvale has never charged impact fees on new construction, Loader said. Midvale has required developers to donate and develop green space.
Loader also attributes the proposed increase to flat, or even negative, sales tax revenues. Constructions businesses, once a tax revenue cash cow, are suffering and retail firms have been unable to make up the difference.
Midvale hasn't raised taxes since 2005, when rates went up 15 percent.
Midvale is courting big-box stores for the Bingham Junction development. The city expects to start receiving tax revenues from the mixed-use, transit-oriented development as early as the end of 2008.
Midvale will hold a truth in taxation hearing Aug. 12 regarding the increase in property tax. It will also hold a public hearing on the 2008-2009 tentative budget June 3.
E-mail: rpalmer@desnews.com
Recent comments
It is astonishing that we do not hear the words CUT THE BUDGET coming...
Thank you FTC | May 8, 2008 at 6:00 a.m.
Didn't you all see this coming? Not enough sales tax so.........
FIRE THE COMFORTABLE | May 7, 2008 at 1:46 p.m.
