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Logan council approves tentative $218.8 million budget, sets 2.9% proposed property tax increase
Summary
Council adopted a tentative $218,796,527 citywide budget, approved several small budget adjustments and set a proposed 2.9% property tax increase; council also held a statutorily required hearing on enterprise-fund transfers that shift roughly $7 million to the general fund.
The Logan City Council on Tuesday approved a tentative citywide budget of $218,796,527 and tentatively set a proposed 2.9% increase in the certified property tax rate, triggering a truth-in-taxation hearing scheduled for Aug. 7 at 6 p.m.
The tentative budget vote follows a series of smaller appropriations approved earlier in the meeting and a statutorily required public hearing on transfers from enterprise funds to the general fund. Rich, staff member, told the council that transfers ‘‘help keep property taxes low’’ and that the transfers total ‘‘about $7,000,000’’ with the electric fund bearing the majority of the amount.
Why it matters: the transfers and proposed tax increase together fund everyday services such as police, fire and public works. Rich told the council how the transfers work and why the city uses them: "We transfer 7% from…
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