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Springville council adopts tentative $117.4M budget, outlines 5% property-tax increase and modest utility-rate changes
Summary
The Springville City Council approved a tentative fiscal 2024–25 budget of $117.4 million, including a proposed 5% property-tax increase and utility-rate adjustments averaging about 2.3% (roughly $5/month for the typical home). Residents raised concerns about rising utility bills and aging fire apparatus during the public hearing.
Springville City officials on Tuesday moved forward with a tentative $117,413,845 budget for fiscal 2024–25 and scheduled a Truth in Taxation hearing for Aug. 20.
Troy Riddle, assistant city administrator and finance director, told the council the general fund exceeds $40 million and the total city budget is about $117.4 million. The tentative package assumes a 5% property-tax increase that Riddle said would amount to roughly $10 a year for the average homeowner and retains an enterprise-fund transfer policy equivalent to 6.5% of gross revenues. "We have a 5% property tax increase. That's about $10 per year on the average home," Riddle said.
Riddle outlined several line items the…
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