Price City Council adopts amended FY2025-26 budget, certified 2026 tax rate and FY2026-27 budget

Price City’s elected officials on June 24 approved several finance measures after a series of public hearings at the City Council meeting.

Mayor Terry Willis opened public hearings for the city’s year-end budget revision for Fiscal Year 2025–26 and the Tentative Budget for Fiscal Year 2026–27. Finance Director Lisa Richens reviewed both the year‑end adjustments and the tentative FY2026‑27 figures. Council members heard no public comment during either hearing.

After the year‑end hearing closed at 5:49 p.m., the council approved Resolution No. 2026‑13, amending the FY2025‑26 budget. The council also approved Resolution No. 2026‑14 to adopt the certified tax rate for 2026 as determined through the state process; the meeting record does not specify the numerical tax rate. Later, following the tentative‑budget hearing, the council approved Resolution No. 2026‑15 adopting the financial budget of Price City for the fiscal year ending June 30, 2027. All three motions were moved and seconded on the record and carried.

Council members also held a public hearing on a proposed transfer from the Electric Fund to the General Fund that is included in the FY2026‑27 tentative budget. Finance Director Richens presented enterprise fund detail showing the transfer as consistent between the tentative and final budget documents; no public comments were made on that item.

The adopted FY2026‑27 budget and the amended FY2025‑26 budget will govern the city’s fiscal operations for the stated periods. Specific dollar amounts for the certified tax rate were not provided in the meeting minutes and were described as set after state calculations that account for new construction and assessment changes.

The meeting adjourned at 6:13 p.m.