Staff floats $1-a-month property tax increase, 20% garbage rate hike in budget preview
April 11, 2023, 6:00 p.m. · American Fork City Hall, 31 N. Church St.
Finance Director Anna Montoya previewed the fiscal 2024 budget: taxes up $880,552 but licenses and permits down $885,000 as development slows, and a sanitation fund running a deficit that would require raising the first-can rate about 20%. City Administrator David Bunker proposed a $1-a-month (3.12%) property tax increase, saying residents at last year's Truth in Taxation hearing preferred small, regular increases.
From the approved minutes.
Decisions at a glance
| Item | Result |
|---|---|
| FY2024 general fund, capital projects, fleet and sanitation funds | Discussed |
| FY2024 property tax rate | Discussed |
Agenda, item by item
Item 1 · Budget
FY2024 general fund, capital projects, fleet and sanitation funds
Discussed
Schedule: open house May 2, tentative budget May 9, work session June 6, adoption June 13. Sales tax is 37% of tax revenue, property tax 19%. Taxes up $880,552 (5%); licenses and permits down $885,000; charges for services down $340,567; Cedar Hills public safety contract up $76,000 for the new fire station; plan check fees down $200,000; recreation fees up $140,000. Fire personnel up $456,330, capital down $299,444; public works personnel up $215,649; planning up $130,000 for the general plan update; building inspection moving in-house. Sanitation is in deficit after the North Pointe increase was covered from reserves; placeholder $250,000 cost increase; first can to rise about $2.20 (about 20%), second can $1.58.
- Budget$130,000
Item 2 · Taxes and fees
FY2024 property tax rate
Discussed
Last year's Truth in Taxation increase (rate 0.1554, trimmed from $10 to $9 a month, about $1.7 million) went to public safety and roads. Bunker proposed $1 a month ($12 a year, 3.12%) to keep up with roughly 6% inflation and wages. No decision.