Midvale considering property-tax increase

Published: Friday, May 1, 2009 11:07 p.m. MDT
 |  E-MAIL | PRINT | FONT + - 

MIDVALE — City officials have recommended to the Midvale City Council that property taxes be increased by about 6 percent for the 2009-10 budget year.

The report recommending the change was written in light of an expected $700,000 deficit in the 2008-09 year, said Midvale City Manager Kane Loader.

Midvale, like most cities in the Salt Lake Valley, has seen major drops in sales-tax revenue and new growth funding due to the national economic climate.

City staff also recommends that Midvale dip into its rainy day fund, or fund balance, to remain in the black this coming year. The fund is currently set at 15 percent of revenues but by law could drop to 5 percent. Midvale staff is recommending the 10 percent level.

The only other choice for Midvale would be reduction of services via staff layoffs or furloughs, Loader said.

The City Council will hold public hearings on the budget in June. If the council votes to pursue the property-tax increase, it could also be required to hold August hearings.

If approved, the 6 percent increase would come on the heels of a 12 percent increase in 2008-09. Its total cost to taxpayers was projected at about $35 per year for the average home.

Story continues below

The 6 percent increase in 2009-10 would cost residents about $13 more in property taxes on the average home, according to city figures.

Loader defended the proposed tax increase by saying city employees will also be bearing some of the cost. Insurance and health-care costs for city employees will jump $500-$800 this year, he said.

E-mail: rpalmer@desnews.com

Recent comments

currant events Hmmmmm search this on here says there is none

jo jo | June 20, 2009 at 9:35 a.m.

Only government can even think of doing this. When prices rise,...

Earl | May 3, 2009 at 8:16 a.m.

Memo to Midvale: you could eliminate the fire department, and no one...

Anonymous | May 2, 2009 at 9:51 p.m.

previousnext

Latest comments

Principal leaves giant imprint

Great job mom. Keep it up. By the way, what exactly is an equivalent?

Miss. teen follows mission

If you had read a little bit, you would see th subject is named Daniel....

I sure hope he's OK. What was he doing going out at 2 am on Black Friday?...

To Marriage and conflicts: While generally I agree with what you said, not...

Temple Square to use LEDs

The jingoistic American who commentated earlier clearly did not read the...

If "druggies" can be inducted into the Hall, then why not a gambler?

Hope it is not serious. Maybe he was on his way to Black Friday Shopping or...

How tragic! Will he be able to play? Will he die? Please tell the Tiger...

Cougs to host Weber St.

WSUfan, do you remember me? Yellow Books something? from a wildcat fan...

It's so wonderful I'm a fan, why can't you all appreciate the wildcats and...

Advertisements