1. BUGDET AND TRUTH IN TAXATION HEARING(S)
SUMMIT COUNTY
BUGDET AND TRUTH IN TAXATION HEARING(S)

2. BACKGROUND July: Departments submitted requests
Aug-Sept: Budget committee
Sept-Oct: County Manager
Oct-Dec: County Council
Budget adopted on or before Dec. 31

3. REVENUES
$53.8 million budgeted revenues, including $4.1 million in new property revenue from Truth in Taxation (TNT) process.

4. REVENUES
$53.8 million budgeted revenues, including $4.1 million in new property revenue from Truth in Taxation (TNT) process.

5. REVENUES

6. WHY ARE PROPERTY TAXES IMPORTANT?
Provide a stable consistent source of funding for government programs and services.
Maintain steady revenue levels
Offer a foundation of funds from which the County can build essential governmental programs.

7. THE PROBLEM
Summit County will have to cut programs and service levels that are supported by the general and municipal services property tax revenues in order to adopt a balanced budget.

8. CAUSES OF THE PROBLEM
County revenues from property taxes are not sufficient to meet essential and growing community needs.
Inflation has drastically reduced our purchasing power
Population growth has slowed and residential permits are down
Budget expenditures have grown to meet increased community demands and Council strategic goals

9. HOW DO PROPERTY TAXES WORK?
Calculating tax rates
PROPERTY VALUES
TAX RATES

10. CALCULATION OF PROPERTY TAXES DOES NOT ACCOUNT FOR INFLATION
*Municipal Services Fund held Truth in Taxation hearing 2013
Average CPI change from 2004 – 2016: 2.0%

11. HOW DOES TRUTH IN TAXATION WORK?
What is Required:
Notification of Public Meeting on or before Oct 1 (Sept 14)
Public Hearing 14 days before election (Sept 20)
By November 1 send parcel specific notice (Oct 31)
2 Weeks before Public Hearing advertise notice of TNT
1 Week before Public Hearing advertise notice of TNT
Hold Public Hearing (before Dec 31)
What has been Done:
Currently satisfied requirements of the TNT process
PLUS eight articles in The Park Record, including an Editorial;
10+ mentions on KPCW in addition to weekly interviews with Manager, Council and staff;
25+ mentions on social media;
20+ presentations to staff, city councils, civic/business boards;
Met with Utah Taxpayers Association

12. 2016 Summit County Property Taxes
WHERE DO MY PROPERTY TAXES GO?
2016 Summit County Property Taxes

13. EXPENSES Strategic Plan: Transportation and Congestion
Add $14.9m related to transportation; $2.0m transit district
Workforce Housing
$150k to advance Cline/Dahle area project
Environmental Stewardship
$265k in energy efficiency projects; $30k in EV chargers
Refine County General Plans & Development Code
$50k infrastructure needs study
Mental Health/Substance Abuse and Access to Services
$140k towards Mental Health program (plus partnerships)

14. EXPENSES
$53.8 million budgeted expenses in operating funds, including $1.6 million to rebuild fund balances.

15. EXPENSES
$38.9 million
$53.8 million

16. WHAT SERVICES ARE PROVIDED?
General Fund:
Municipal Services Fund:
Ambulance Services
Waste Collection
Corrections (Jail)
Library
Public Health
Basic TV Antenna Service
Youth Recreation
Law Enforcement
Snow Plowing
Road Maintenance
Community Development
Planning

17. CHART OF POSITIONS
Recommending two additional FTE’s: Housekeeper and Landfill Foreman

18. EXPENSES: Capital Projects
Road Maintenance Projects:
Project
Total Budget
Other Sources
County Portion
Silver Creek $
1,925,000
1,225,000
700,000
Summit Park (Matterhorn)
750,000
250,000
500,000
Highland Estates
592,000
Other Projects
1,128,900
200,000
928,900
4,395,900
1,675,000
2,720,900

19. EXPENSES: Capital Projects
Transportation Projects:
Project
Total Budget
Other Sources
County Portion
Jeremy/Pinebrook Interchange $
5,039,000
Kilby Road Widening
3,460,000
US 40/SR 248 Park & Ride
1,500,000
Kamas Park & Ride Transit Station
845,000
Bond-related projects
10,844,000
Pay as You Go Projects
4,060,000
Pay as you go projects include Ecker park & ride; TDM projects; small cities grants program

20. EXPENSES: Capital Projects
Facility Projects:
Project
Total Budget
Other Sources
County Portion
Complete Fairgrounds (Phase I) $
3,000,000
Facilities Energy Efficiencies
265,000
111,720
153,280
Total facility projects:
3,265,000
3,153,280
Fairgrounds project funded by Transient Room Tax

21. OTHER RESTRICTED FUNDS
Transient Room Tax $13.0m
Restaurant Tax $2.9m
RAP Tax $1.8m
Open Space $3.4m
Transit District $7.6m
Landfill Enterprise $2.0m
Fleet Lease $2.2m
Insurance Fund $5.4m
Fairgrounds
Open Space
E-bikes
Municipal Services
Buses
Restaurant Tax
General Fund
Service Area #8
Service Area #6
Transit District
Fleet Lease Fund
Open Space Fund
RAP Tax
Transient Room Tax
Assessing & Collecting
Landfill Enterprise

22. QUESTIONS Tom Fisher: tfisher@summitcounty.org
Matt Leavitt:
Krachel Greenwood:
Anita Lewis: