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Budget & City Finances


 Budget

2016-17 Adopted Budgets

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. 

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The City of Holladay would like to assure you that the certified property tax rate has NOT increased; in fact it has steadily decreased since Holladay incorporated. The reason for the higher property taxes is the increased property valuation. If you wish to appeal your property valuation you should call 468-3999 or visit www.slcotaxadmin.org.

Other Important Numbers: 
Salt Lake County Assessor - 468-3050
Salt Lake County Auditor - 468-3381
Salt Lake County Tax Administration - 468-3645
Salt Lake County Treasurer - 468-3400

 

 

2015 Audit Report

Holladay City Financials

Management Letter

Compliance Report
 

The City Council adopted the Budgets were adopted on June 18, 2015 - click here to view the budgets

2015 Budget Charts - 
Where the Money Comes From

Where the Money Goes

Taxes by Category

 

2014 Audit Report

Holladay City Financials

Manangement Letter

2014-15 Adopted Budgets (the four budgets are all included in this spreadsheet)

 Click here for charts

2013 Audit Information & Reports

2012-13 June Budget Amendments

ADOPTED 2013-14 Budgets
General Fund
Capital Improvement Fund
Debt Service Fund
RDA 

2013 Continuing Disclosur

2008 - 2013 Budget Info from Prior Years

 

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