The Ledger is reading Pleasant Grove's audited financial report, its adopted budget and council records. Here is what they show about the city's budget, reserves, debt and redevelopment agency, and what we still want answered.
Pleasant Grove's redevelopment agency rebated $739,078 in property tax increment under two of its three agreements in fiscal 2025, according to the city's audit. Cumulative Grove Tower rebates reached $1,449,933 against a listed $1.5 million maximum.
Pleasant Grove's redevelopment agency rebated $739,078 in property tax increment under two of its three agreements in fiscal 2025, according to the city's audit. Cumulative Grove Tower rebates reached $1,449,933 against a listed $1.5 million maximum.
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The city's building authority borrowed $35 million in fiscal 2023 to build The Ruth and expects the Hale Center Foundation to repay it through rent. The fiscal 2025 audit lists $34,087,000 still owed and three tenant-funded reserves below target.
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The City Council voted unanimously on Aug. 18 to raise the city's tax rate from 0.000938 to 0.001020, bringing in an estimated $365,667 more in fiscal 2027. The city's impact statement ties the money to one new police officer, reserve and retention funding, and two new firefighters.
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The city's fiscal 2025 audit reported that its dispatch, swimming pool, community center and cultural arts funds spent a combined $148,430 more than their final appropriations, which the auditor said put the city out of compliance with state law. Each fund ended the year with a positive balance.