Price City Council adopts midyear budget revision, approves water studies and multiple vendor contracts

Price City Council on March 26 approved a midyear revision to the city’s fiscal year 2024–25 budget and authorized several studies and vendor contracts tied to water treatment, stormwater work and city maintenance.

During a public hearing, a city staff member identified as Lisa told the council that “the city's budget during this revision was decreased by the largest reason for that was due to the water fund,” and summarized changes including removal of a previously budgeted $30,000,000 treatment‑plant improvement from this fiscal year and the addition of a $71,000 drinking‑water planning grant. The council then approved Resolution No. 2025‑009 adopting the revised budget.

Why it matters: The midyear revision reallocates funds and updates anticipated grant revenues, affecting timing for large capital projects such as water‑treatment upgrades and a street shed project whose construction estimate has risen. Several of the actions approved at the meeting authorize studies or contracts that will shape the city’s ability to apply for and use state and federal funding.

Budget highlights and staff summary

Lisa said the largest change in the revision was to the water fund: the $30,000,000 treatment‑plant improvement originally budgeted for this year will not occur this fiscal year and so was removed from the current budget; the revision does add $71,000 for a drinking‑water planning grant tied to a springs‑line replacement study. She also told the council the stormwater fund gained a $2,300,000 USDA Natural Resources Conservation Service (NRCS) grant and a $600,000 Community Impact Board (CIB) grant/loan related to flood mitigation; the city included $100,000 in local funding for regrading at Wood Hill associated with that project.

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