Auditing Riverton
The Ledger's review of Riverton's budgets, audits, debt and redevelopment money.
The full audit section: stories by subject, key figures and records →
Background
Auditing Riverton: What the city's audit shows about its money
Riverton's fiscal 2025 audit reports $54.9 million in governmental revenue, a $9.2 million General Fund balance and about $34.8 million in bonds, leases and notes. The city levies no property tax of its own; police and fire are funded through two service areas the City Council governs.
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- Politics
Riverton had $5.1 million in park fees and $5.5 million in road fees on hand; it spent $138,303 in fiscal 2025
Riverton's fiscal 2025 impact fee report shows $5,126,913 in park fees and $5,547,035 in road fees on hand at June 30, 2025. Park fees paid for a $13,159 bocce court; road fees paid $125,144 toward 13800 South Mountain View Road.
- Politics
Riverton still owes $2.5 million on Unified Fire debt it agreed to share when it left
When Riverton left the Unified Fire Service Area, its new fire service area agreed to pay 12.2% of the district's remaining 2016 building debt, though none of it paid for projects in Riverton. At June 30, 2025, $2,498,450 in principal and $391,562 in interest remained.
- Politics
Riverton's city tax rate is zero. Its police and fire service areas collect $14.3 million
Riverton has levied no city property tax since 2012. All $14.3 million in property tax in its fiscal 2025 audit came through the law enforcement and fire service areas, which the mayor and City Council govern. The police area moved $8 million to the city's General Fund.
- Politics
Riverton paid $2.8 million to Mountain View Village developer and $442,000 to Costco in fiscal 2025
Riverton's fiscal 2025 audit reports $2,775,336 in tax increment paid to CenterCal for Mountain View Village and $441,781 in sales tax paid under the city's Costco agreement. The CenterCal deal runs up to 25 years and is limited to a net present value of $35 million as of 2016.