Thursday, September 19, 2013

Utility Transportation Fund Public Meetings

The Council is holding a series of public outreach meetings on the Utility Transportation Fund as a mechanism to fund Provo’s roads for the long term. The Meetings will be held at the following dates and times:

Thursday Sep. 26, 7-8p Council Chambers, 351 West Center Street, Provo 84604
Wednesday Oct. 2, 7-8p Council Chambers
Tuesday Oct. 8, 8-9p Digital Town Hall, hosted at the Council’s Blog, provocitycouncil.blogspot.com

What is the Utility Transportation Fund?
Provo is seeking a way to fund roads using the principles of equity, transparency, and sustainability. The Council, together with the Mayor, proposed a Utility Transportation Fund as a means to fund roads in a way that utilizes those principles.

See this video for an explanation of why roads need additional funding and how this option meets the goals of the Council and Mayor.

Utility Transportation Fund from Provo City on Vimeo.

Equity: 

Those that generate traffic on the roads, will proportionally pay for the roads. Instead of relying solely on the property owner to pay for roads through property taxes, now every stakeholder will be contributing.

Transparency:
Road funds are clearly set aside for the purpose of road repair, construction and maintenance in a dedicated account. Residents can clearly see how they are paying for roads. This allows for greater accountability on the part of elected officials.

Sustainability: 

The solution should be responsible and account for long-term needs. With bonding, the city rolls over remaining interest into the next road bond, refinancing accrued interest. At some point the city will run out of capacity to bond. It’s like taking out a home equity loan to pay your utility bills, and is neither fiscally responsible or sustainable.

Please share, invite and inform your neighbors and friends of this discussion, and the opportunities to engage with the Council in a real discussion about the Utility Transportation Fund. We need to hear your voice.

Here's a FAQ that addresses common questions about the details of the Utility Transportation Fund. Please visit and review if you have further questions before the meetings.