NORTH SALT LAKE - When it comes to city budgets, sometimes no bad news is good news.
North Salt Lake City Council, which received final approval to their 2014-2015 tentative budget at Tuesday’s meeting, isn’t asking for any tax or rate increases in the upcoming year. With increases and decreases in different revenue streams balancing each other out, the city expects not to need them.
“It’ll be about the same as last year,” said North Salt Lake Mayor Len Arave. “We can meet our needs.”
The budget estimates that tax revenues will increase by 1 percent in the coming year, a conservative estimate that is expected to bring in $71,780 more than last year’s revenues. Justice Court fees, however, have dropped, and the city expects to bring in $90,000 less than they did last year.
Construction on the city’s west side continues to be a healthy source of fees for the city, though the budget shows that the amount has decreased since last year. This year’s amount is $754,975 down slightly from last year’s $845,175.
The budget highlights a planned community development area on the south side of the city, east of Highway 89 and south of Center Street.
“It’s approximately in the triangle where the bowling alley is,” said Arave, referring to Orchard Lanes. “That area is pretty rundown. Whatever we can do to encourage economic development would be helpful.”
There are also several road and utility projects planned for next year, most notably the widening of 1100 North and the related waterline work. The total cost will be $4,366,913, though the city received a grant of $2,135,200. Woods Cross City will also reimburse North Salt Lake $763,256.
Though the budget lists Deer Hollow Park and Foxboro area open space and trails as planned projects, no funding sources have been identified for either project. No cost amount is listed for the park project, though the Foxboro open space is estimated to cost $65,880.
“I think we’re in good shape,” said Arave of the overall budget. “There are always issues and challenges, but we can meet those.”