While the Grantsville City 2014-15 budget has crept up 3 percent from the current fiscal year, the certified tax rate has dropped about the same amount, giving property owners a slight break on their taxes.
The $4.2 million budget is a 3 percent increase from last year’s $3.9 million budget, and includes an estimated $1.08 million to come from property taxes at the certified tax rate of .003235, which is a 3.5 percent reduction of last year’s certified tax rate of .003355.
That number still allows the city to collect roughly what it did last year, while charging individual homeowners slightly less because of an increase in the number of homes and businesses paying property tax.
However, said Mayor Brent Marshall, the amount home and business owners will save is slight, especially considering the proposed tax increases from other entities, such as the Tooele County School District and Tooele County.
“I’m not saying you’re going to see a reduction on your property taxes,” he said. “It wasn’t us, though.”
Marshall said the city originally received a certified tax rate this year from the Utah State Assessor’s Office that was 9.5 percent lower than 2013’s. Sherrie Broadbent, city finance director, protested the tax rate, which would have given the city lower revenue, citing a calculation error.
She said it turned out the much lower tax rate was calculated without taking into account monies from a redevelopment agency fund. Once those were counted, the tax rate was adjusted to .003235.
Marshall said because Broadbent got the number re-examined, the tax rate for Tooele County, the Tooele County School District, and the Tooele County Mosquito Abatement District were also adjusted.
The city’s budget includes projects such as the purchase or lease of a new front-loader for the maintenance department, a new restroom for Cherry Street Park and the Hollywood Park, and a 2 percent increase in pay for employees.
Marshall said the pay raise will be divided between department heads and awarded based on merit.
The rest of the city’s budgeted revenue comes from nearly 50 other sources, including sales tax ($1.12 million), building permit fees ($100,000) and tennis court lights ($600). Citizens interested in reviewing details of the budget may obtain a copy at Grantsville City Hall.