Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Officials warn Crescent View purchase would add about $465,000/year in operating costs
Summary
City staff estimated that keeping Crescent View Middle School as a public facility would add roughly $465,000 per year in ongoing operational costs, requiring new funding sources and possibly a property tax increase alongside a bond.
City staff told residents that operating the Crescent View site as a public facility would create a new recurring cost not currently in Sandy City27s budget and offered possible funding options if the council moves forward with purchase plans.
"Maintaining the site will require an estimated $465,000 or more every year in ongoing operational costs," a staff member said, describing the scale of new annual spending the city would face if it retained the building for public uses. Officials said that because this expense is not in the current budget, the city would need to identify continuous funding sources, such as reassigning existing program funds or relying on future revenue growth.
City staff also flagged the prospect that covering annual operations could require a property tax increase in addition to any general obligation bond used to buy the property. "However, covering this annual expense could also require considering a property tax increase in addition to the general obligation bond," the message said, noting that no final funding decision has been made.
