Orem OKs budget — with bonding

OREM — The Orem City Council approved an $87 million budget Tuesday, but it carries a $10 million kicker.

The 2004-05 fiscal year budget includes a proposal to issue $10 million in general obligation bonds to improve roads throughout Orem — something that voters must OK in the November election in order for construction to start next spring.

If the bonds are approved, the city will issue $5 million in spring 2005 and another $5 million two years later.

The budget doesn't include any tax increases, but does include a 50-cent monthly increase in storm sewer fees, as well as a $1.25 monthly increase on the base fee of water bills.

The budget will take effect July 1.