Budget & City Finances
Energy Tax Article

City of Holladay Budget
BUDGET MESSAGE 2008 Randy Fitts, City Manager
On June 5, the City Council passed both the 2008-2009 Operating Budgets and the Capital Improvements Budget. Shown below are several charts that summarize the city’s revenue and expenses for the 2008-2009 Budget Year. Once again the City of Holladay reduced its certified tax rate, which is the amount the city receives from property tax. Last year, the rate was .001436. This year the rate will be .001312.
The major change in this year’s budget is a substantial increase in the amount of money received from the Franchise tax. The City Council passed a resolution increasing the amount residents of Holladay will pay on Electricity and Natural Gas. This money will be dedicated to roads (see the above link for an article on Why We Levied an Energy Tax). This year’s budget shows no increase in personnel
Final 2008-09 Budget by levels. (pdf file) The budget was adopted by the Council on June 5, 2008
CHARTS Major Capital Expenses Where it Comes From Capital Fund - Where it Goes General Fund - Where it Goes
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