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Lindon staff outline budget calendar, flag sales-tax volatility and falling property-tax share

2366645 · February 21, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance staff reviewed the calendar for the FY2026 budget process and highlighted that sales tax—Lindon’s largest revenue source—has been volatile in recent years while property tax's share of general revenue has shrunk despite new development.

Finance staff presented the budget calendar and an overview of Lindon’s major revenue sources, telling the council tentative budget milestones and calling attention to sales-tax volatility and slower property-tax growth.

Finance staff (Kristen Aaron and Adam Cowie) said department head requests are due within the schedule set for preparing the tentative budget on March 11, discussion at the April 21 council meeting, and tentative adoption on May 19 with the final budget on June 16. Kristen emphasized the need to have major changes or…

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