Springville Council adopts interim budget, moves forward with proposed property-tax increase

Springville City Council adopted an interim budget for fiscal year 2027 and approved the required property-tax disclosures that trigger the truth-in-taxation process.

The council voted to operate under an interim budget of $126,996,387 for the year beginning July 1, 2026, and adopted a property-tax impact schedule showing a proposed $97,000 increase in ad valorem revenue, roughly a 2.92% change from the certified tax rate. Finance Director Bruce Riddle told the council the median home value in Springville is $475,600 and that the city portion of the proposed increase would amount to about $5.49 annually for that median residence.

Why it matters: The council’s adoption of a proposed certified tax rate and the impact schedule initiates a statutory process (truth in taxation) that requires public notice and a follow-up hearing before any final rate is certified. City staff presented options to balance the interim budget after the state-certified tax-rate revenue calculation produced about $160,000 less than the tentative budget had assumed; the finance director proposed keeping the $97,000 property-tax increase and offsetting the certified revenue shortfall by raising the sales-tax revenue estimate by an equal amount to maintain a balanced interim budget.

Bruce Riddle explained that the impact schedule is a required disclosure under new state law; he said the $97,000 estimate is unchanged though the precise percent is 2.92% when the state-certified denominator is applied. He showed the council how the proposed dollars would be distributed across departments, noting roughly half of the additional revenue would support public safety (police, fire, dispatch) with other amounts allocated to parks, recreation and general government.

Council members emphasized that the budget and the tax proposal had been discussed in prior meetings and encouraged residents to attend earlier stages of the budget process. After the presentation and with no public comment at the hearing, the council adopted Resolution 2026-21 to operate under the interim budget and later approved Resolution 2026-23 adopting a proposed certified tax rate, which begins the required notice and hearing sequence (the council noted a truth-in-taxation hearing will be scheduled later in the summer). The council recorded roll-call votes for the interim budget and certified-rate resolution with members voting in favor.

The next steps: The city will publish the statutorily required notices and hold the truth-in-taxation hearing before adopting a final certified rate and final budget later, per state timelines.