Holladay council retreat reviews 2020-21 goals and agrees to add more fund balance to tax model
March 25, 2021, 6:02 p.m. · Held electronically (virtual meeting)
At its annual planning meeting the council reviewed progress on 2020-21 goals, noted a general fund balance near 31% against a new 35% state cap, and agreed by consensus to add more fund balance to the property tax model before drafting a preliminary public proposal. Priorities for 2021-22 include an economic development study, stormwater staffing and accessory dwelling unit changes. Only adjournment was voted.
From the approved minutes. Updated October 14, 2026.
Decisions at a glance
| Item | Result |
|---|---|
| Review of 2020-21 goals | Discussed |
| Fiscal year 2020-21 financial picture | Discussed |
| 2021-22 budget assumptions and goals | Discussed |
| Ongoing property tax discussion | Discussed |
Agenda, item by item
Item 2 · Other
Review of 2020-21 goals
Discussed
Items noted: the Cotton Bottom sale and reopening completed; the stormwater utility fee approved after a public process; short-term rental penalties strengthened; council chambers upgraded; pickleball courts being resurfaced; skate park under design-build contract; canal trails study complete.
Item 3 · Budget
Fiscal year 2020-21 financial picture
Discussed
The legal general fund balance limit rose from 25% to 35% and Holladay's is about 31%, with roughly $5 million in the General Fund balance and $5.8 million in the Capital Fund balance. The Citizen Advisory Group plan considered spending $3 million of fund balance in year one and $2 million to $3 million in year two.
- Budget$5.00 million
- Budget$5.80 million
Item 4 · Budget
2021-22 budget assumptions and goals
Discussed
Priorities discussed included an economic development study, a possible business council with the chamber, stormwater program staffing, a possible property tax change, moderate housing and ADU ordinance changes, planning for the Casto House, street lighting, a possible arborist position, a sustainability master plan and whether to rejoin the raccoon program.
Item 5 · Taxes and fees
Ongoing property tax discussion
Discussed
The council reviewed the advisory group's recommendation and discussed using more fund balance to reduce the increase, phasing versus a larger upfront increase, and the need for public input. It agreed by general consensus, not a vote, to add more fund balance to the model and review options before drafting a preliminary public proposal.