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Draper City staff presents 3-year budget framework and options to preserve expiring bond capacity for community center
Summary
City finance staff outlined a three-year budget and 10-year outlook, including fleet and building replacement needs, and discussed using the expiring general obligation bond capacity to set aside about $500,000 a year toward a community center. No formal vote was taken; staff will return with numbers in March and at an upcoming retreat.
John Veidt, Draper City finance director, presented a proposed three-year budgeting framework and a 10-year outlook to the Draper City Council, laying out funding choices including sales-tax measures, maintaining the current property tax rate through the truth-in-taxation process, or pursuing a future general obligation bond for capital projects such as a community center.
Veidt said the city is reviewing a range of options for funding capital needs and emphasized that different mechanisms have different procedural requirements and voter implications. "One of the scary things about talking about budgets is it always means that you gotta talk about how are you gonna fund it," Veidt said during the council discussion, adding that staff will return with more detailed numbers in March and at the council retreat.
The pre…
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