Millard County commissioners have come up with a tentative budget for 1991 that will balance with revenue even though it will be about $270,000 more than this year's budget.
A budget of $8,485,387 will be presented at the annual hearing at 2 p.m. Tuesday, Dec. 4, in the commission chambers at the courthouse in Fillmore.Commissioners reported that departmental budget requests exceeded projected revenues by about $1.15 million, but they were able to make adjustments to reach a balanced budget without requiring a tax increase.
County Auditor John Hansen said the county's goal is to provide essential government services without creating an unbearable tax burden on residents. He didn't dismiss the possibility of necessary tax hikes in the future, however.
The auditor said one strategy to avoid a tax hike is a Tax Stability Trust Fund, set at $1.12 million for 1991. He explained that the fund provides a reserve from which the interest it creates can be used in the general fund. County officials can't use any of the principal amount without a vote of the electorate, however.
"As the amount of this fund increases, it will provide an additional or alternative source of revenue," Hansen said.
The county tax base is comprised of about 90 percent state-assessed properties (the Intermountain Power Plant) and 10 percent locally assessed property. The Intermountain Power agency, owner of the plant, has protested 44 percent of the taxed amount over several budgeting periods, prompting adjustments in the county budgeting process. Officials hope a settlement will be forthcoming from the Utah Tax Commission without court litigation.