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Central Utah Water notifies county it will pursue Truth in Taxation to restore levy; estimated $3.5 per household

Utah County Board of County Commissioners · July 8, 2020
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Summary

Central Utah Water Conservancy District told Utah County commissioners it intends to pursue Truth in Taxation to raise its rate from the certified .00382 to .004, yielding about $3.2 million more and an estimated $3.52 annual increase for the average local homeowner; the district cited long‑term capital projects and $600+ million in debt obligations.

Central Utah Water Conservancy District officials told the Utah County Board of County Commissioners they will pursue the Truth in Taxation process to restore the district's authorized property tax rate.

"Our board has recently made the decision to pursue truth and taxation process to maintain our rate at .004," said Gene Schockroft, general manager for the district. Schockroft said restoring the authorized rate would increase the district's ad valorem revenue by roughly $3.2 million, and that for an average county home (market value the district used: $356,000) the change would raise annual tax by about $3.52.

Schockroft said the additional revenue would support long‑range capital planning, construction and debt service tied to the Central Utah Project. He said construction makes up about 58% of the budget, debt about 24%, and operations about 18%, and that the district still carries "in the neighborhood of 600 plus million dollars" of project debt.

Commissioners asked clarifying questions about the Truth in Taxation process and how the district has managed its rate historically. Schockroft and staff said the certified rate of roughly .00382 has been held for years and that pursuing Truth in Taxation now would allow the district to return to its authorized rate without immediate additional action by the county.

The district outlined public hearings scheduled for later in August at regional offices and said its board would take formal action following those hearings. No formal action by the county commission was recorded in this work session; the presentation was informational and intended to make county leadership aware of the district's planned public process.

The county will receive the district's materials and may use them as part of its own Truth in Taxation notifications and public hearings as required under state law.