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Hideout leaders begin overhaul of road funding after advisory review
Summary
A consultant and town finance staff told the Hideout Town Council that current general-fund spending will not cover long-term roadway repair and replacement. Officials heard options including adopting enterprise-style fees, a transportation utility fee and larger annual capital budgets to avoid much costlier reconstruction later.
Hideout — Financial advisers and town staff told the Hideout Town Council on Sept. 11 that the town is underfunding road maintenance and will need new policy and revenue options if the town intends to own and operate its streets long term.
The council heard from Jason Birmingham, principal and managing partner of LRB Public Finance Advisors, and Katie (town staff), who reviewed recent budget history and a Utah LTAP (Local Technical Assistance Program) pavement evaluation. Birmingham said the town’s general fund likely does not generate enough recurring revenue to fully maintain and replace the roadway assets at current standards.
“The town really owning and operating the roads is a governance option that is common, but you need a clear policy about when you accept roads and adequate funding to preserve useful life,” Birmingham said. He walked council members through three governance…
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