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Utah County budget staff warns capital pipeline could exhaust reserve funds by 2028
Summary
County budget staff told commissioners the county has about $20 million in available funds and roughly $16 million projected revenue per year, but planned capital requests — including Thanksgiving Point, a proposed nature center and fairgrounds work — could exhaust reserves by 2028 without stricter prioritization or borrowing.
Utah County budget staff told the County Commission on Oct. 14 that a series of proposed brick-and-mortar projects could deplete the county's tourist-related and capital reserves within three years if the commission approves all current requests.
At a budget meeting, staff said the county currently has roughly $20 million in available funds in the county's project account and are conservatively projecting about $16 million in revenue per year. Staff built a 4% annual revenue growth assumption into three-year projections and flagged that, under the present mix of requests, the fund balance would be drained by 2028.
Why it matters: commissioners will have to choose which projects to fund now and which to defer if they want to preserve capacity for future opportunities such as potential airport-related projects. Staff identified multiple…
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