2016 Budget Message
Gina Chamness, City Manager
On June 16, the Holladay City Council adopted the City of Holladay’s FY 2016-17 budget for the fiscal year that began July 1. During May and June each year, the City Manager and the City Council spend time discussing projections of revenue that the City expects to receive as well as anticipated needs of the City for the upcoming year.
This year, Holladay expects to receive about $14.5 million from a variety of sources. Property tax is the City’s largest and most stable source of funds. While property taxes for individual property owners may change from year to year depending on a variety of factors, state law is designed to keep the funding that Holladay City receives at roughly the same level over time. Any increase in the property tax rate would require a Truth in Taxation notice and public hearing, something that Holladay City has not chosen to do in its 16 year history. A quarter of the City’s overall budget comes from sales tax. Sales tax funding, as well as revenue from licenses and permits varies as overall economic conditions in the area and in the state change.
Close to half of the City’s overall funds (47%) are spent on critical public safety services. Holladay City contracts with the Unified Police District (UPD) and United Fire Authority (UFA) to provide these services for Holladay residents. Approximately 15% of the City’s funds are spent maintaining roads and other infrastructure needs, while about 11% of the City’s funds are spent making debt service or bond payments on City Hall, the City’s Fire Station, and a bond that improved the City’s roads and streets nearly a decade ago. Holladay City is a very lean organization, with only 7% of our overall budget supporting committed to administrative functions.
Over the next several months, the City will highlight different parts of the City’s budget, including planned capital projects for the year.
If you have questions about the Holladay City budget, please contact Gina Chamness, City Manager at (801) 272-9450.
On May 5, 2016 the City Council received tee 2016-17 tentative budgets.
NOTICE OF PUBLIC HEARINGS
2015-16 BUDGET AMENDMENTS & 2016-2017 FISCAL YEAR BUDGETS
NOTICE IS HEREBY GIVEN that the Holladay City Council will hold two Public Hearings on Thursday, May 26, 2016 at 6:00 p.m, in the Council Chambers located at 4580 S 2300 E, Holladay UT.
The purpose of the first public hearing is to consider amendments to the 2015-2016 fiscal year budgets.
The purpose of the second Public Hearing is to receive public input on the Tentative Budgets for the General Fund, Capital Fund, and Debt Retirement for the 2016-17 fiscal year.
Copies of the Tentative Budgets and proposed amendments are available for public review from 8:00 a.m. to 5:00 p.m., Monday - Friday, in the office of the City Recorder located at 4580 S 2300 E, Holladay, UT or on the city website at www.cityofholladay.com.
Following the public hearing on May 26, 2016, the proposed budgets may be amended, as appropriate, to reflect public comment and other issues determined by the Council. It is anticipated that the final budgets will be adopted on June 16, 2016.
Dated this 12th day of May 2016
PUBLISHED BY ORDER OF THE HOLLADAY CITY COUNCIL
Stephanie N. Carlson, MMC
Holladay City Recorder
The City Council adopted the Budgets were adopted on June 18, 2015 - click here to view the budgets
2015 Budget Charts -
Where the Money Comes From
2008 - 2013 Budget Info from Prior Years