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Taylorsville council approves midyear budget adjustments, taps $5 million in reserves for roads and public safety
Summary
The council unanimously passed Resolution 26-02 on Jan. 21, approving midyear changes to the FY 2025–26 budget that add funding for police pay adjustments, street overlays and other department needs and draw $5,000,000 from fund balance to maintain a 31% reserve.
The Taylorsville City Council on Wednesday approved Resolution 26-02, adopting midyear adjustments to the fiscal year that begins July 1, 2025 and ends June 30, 2026. The motion, made by Meredith and carried by roll call, funds police market adjustments, street maintenance work and several departmental needs.
CFO Scott summarized the changes before the vote, saying the city will add $35,000 in business-license revenue, $20,000 in land-use fees and $200,000 from fixed-asset sales. "We are using fund balance of $5,000,000," Scott said, adding that the move will keep the city’s fund balance around 31 percent. On the expenditure side, Scott said the midyear package includes $25,000 for an outside legal contract, $13,000 for a finished museum floor and a small utility vehicle, and $216,000 for police market adjustments and a radio base station the department needed in a basement location.
Public works will receive increased funding targeted at street overlays, asphalt and chip seals; Scott said the update also adds $50,500 to community development, moves a $69,300 reduction in economic development to community development to backfill an unfilled long‑range planner position, and increases debt-service budgeted spending by $135,000 to enable early lease payments. Fund 45 adjustments total roughly $830,000, primarily to accommodate shared courtroom space with West Jordan, city-hall upgrades and a cross-year security project. The CFO also said the city will adjust some cemetery service fees to reflect vendor and wage increases.
Chair Knutson opened a public hearing on the midyear adjustments; no members of the public spoke. Meredith moved to pass Resolution 26-02, and the council approved the motion by roll call: Knutson — Yes; Harker — Yes; Burgess — Yes; Barbieri — Yes; Cochran — Yes. The chair declared the resolution passed.
The council and administration said the midyear changes were intended to keep the city’s core services funded while preserving an adequate reserve level. Officials said additional detail on specific projects and timing will appear in upcoming budget documents and committee briefings.
