Controller warns of multi-million-dollar general-fund shortfall; proposes truth-in-taxation notice capped at 30%

Summary

Controller Scott Park told the Davis County Budget Committee on Sept. 3 that current revenue trends and planned ongoing expenses create a multi-year shortfall that could exhaust the county's general fund unless the commission raises revenue, cuts services or both. Park said staff could submit a notice for a truth-in-taxation hearing with an upper

At a Sept. 3 Davis County Budget Committee meeting in Farmington, Davis County Controller Scott Park told commissioners the county faces a structural general-fund shortfall and presented options that include expenditure cuts, benefit changes and a potential property-tax increase under the state's truth-in-taxation process.

Park said the county is currently spending more on ongoing expenses than it is receiving in ongoing revenue and that, with recent health-insurance increases and the planned removal of one-time federal funds, the county's fund balance would be exhausted in the 2028 budget cycle unless officials act. "We are spending about 10% more per year in ongoing expenses than we have ongoing revenue," Park told the committee during his presentation.

Park laid out his current projections and options: - 2025 (current budget cycle): roughly $11.7 million more in planned expenditures than ongoing revenues on a budgetary basis; staff expects to tighten budgets and save some of that gap, but still estimate drawing down about…

Controller warns of multi-million-dollar general-fund shortfall; proposes truth-in-taxation notice capped at 30%

Summary

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