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.
|Adopted 2015 Budget - click here to view the budgets
|2015 Audit Report|
|2013 Continuing Disclosure
|2013 Audit Information & Reports|
Holladay City hereby gives notice that the Audit for the Fiscal Year ending June 30, 2012 is completed and was presented and reviewed during the January 17, 2013 City Council Meeting. The Audit is available for review by the public in the office of the City Recorder, located at 4580 S 2300 E, Holladay City during regular business hours.
Holladay City hereby gives notice that the Audit for the Fiscal Year ending June 30, 2011 is completed and was presented and reviewed during the December 1, 2011 City Council Meeting.