A records-only look at Payson's general fund, debt, audit results and fiscal 2027 budget, drawn from the city's audited fiscal 2025 financial report, council minutes and budget presentation.
Payson's fiscal 2025 audit describes two economic development agreements that rebate sales and property taxes: one with 100 & Main, LLC capped at $391,968 or 20 years, and one with Parris RV capped at $1 million.
Payson's fiscal 2025 audit describes two economic development agreements that rebate sales and property taxes: one with 100 & Main, LLC capped at $391,968 or 20 years, and one with Parris RV capped at $1 million.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
On Sept. 16, the council voted 5-0 to authorize reimbursement agreements with Red Bridge Public Infrastructure District No. 1, for an upsized sewer line and water and well house work, and with WHL HIATT, LLC for Hiatt Creek Plat B Phase 2.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
On Sept. 16, the City Council voted 5-0 to authorize up to $6.4 million in sales tax revenue bonds for a fire station. Staff said soil conditions added about $1 million to the project, and the city's bond notice estimates $10.1 million in total debt service if the bonds are held to maturity.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Payson adopted its fiscal 2027 budget 4-1 on June 17, on the condition that a $700,000 HVAC project and an $80,000 motocross study get further review before money is spent. In September, after the air conditioning stopped working, the council told staff to proceed with the repair using budgeted funds.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Payson authorized up to $5 million in sewer revenue bonds in May to complete its sewer plant. Finance staff said about 64% of sewer operating revenue goes to debt service, and the audit's sewer coverage ratio for fiscal 2025 doesn't match the figures printed beside it.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
Payson's fiscal 2025 audit disclosed that Mountainland Association of Governments told the city a grant's purpose, buying a downtown building, had not been met. The tentative fiscal 2027 budget lists a $500,400 repayment to MAG, to be paid when the building sells.
AI-generated illustration: The Utah Ledger · Original graphic · The Utah Ledger
The fiscal 2025 state compliance audit found that not all of Payson's cash accounts were reported on the deposit and investment report state law requires the treasurer to file. The city says it corrected the problem before the audit was issued.
