Wednesday, June 11, 2014

Council Considering Proposed 2015 Budget


The Council recently heard a presentation from the Council Budget Committee regarding the Provo City Administration’s proposed 2015 budget.


The Council Budget Committee is an advisory body chaired by Council Member Kim Santiago which informs the Council on budget issues. (For more about the members of the Committee, see this post on the Council’s blog.)


Larry Summers, a professor of public finance at BYU and committee member, acted as spokesperson.


Summers offered the views of the Committee on the issues:
·         Sales tax revenues
·         Property taxes and valuation
·         Provo residents' economic standing
·         Utility rates
·         Provo City General Fund
·         Capital Improvements
·         Questions and recommendations for the Council

The Council also discussed these and other items yesterday at a Council budget work meeting, which you can watch here.

The Council held a public hearing on an ordinance adopting the Administration’s proposed budget for 2015 at Council Meeting on June 3, 2014. Another public hearing discussing these issues will be held at the Council Meeting on Tuesday, June 17, 2014.