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No tax hike in store for Farmington
by TOM BUSSELBERG
Jun 04, 2014 | 1298 views | 0 0 comments | 17 17 recommendations | email to a friend | print

FARMINGTON —  No property tax will be considered by the Farmington City Council as it is expected to pass the final budget June 17.

A budget of just over $7.5  million is being proposed. That comes with a projected general fund decrease of $51,000, which City Manager David Millheim still leaves a 12.25 percent fund balance. That’s well within state law that dictates government entities can have no more than 18 percent of overall revenues in a fund balance.

Highlights of the budget are:

• One full-time position is being added, a parks maintenance employee to start in April of next year.

• Operational expenses are increasing 3.48 percent, attributed to higher personnel and maintenance and supply cost hikes.

• Police would lease three new vehicles and buy three new vehicles, both for four years for patrol use only. Leasing is new for the city and will be done on a trail basis.

• Major construction projects are the new gymnasium and park, which would start next spring. Both are contingent upon passage of a general obligation bond and a RAP (recreation, arts and parks) tax. City officials have said the bond would  not mean any increase in taxes, but replace a bond that is being retired. Funds for these projects would be included in the 2016 budget, assuming voter approval.

• A new water tank and several water lines are proposed.

• The Storm Drain Fund includes several major projects paid through operational and impact fee funds.

• Employee benefit costs are going up slightly, including state retirement and medical insurance.

• Safety increases are conservative and around market levels.

“The city is seeing positive growth in sales tax and in containing the growth of expenditures,” Millheim said. “The city continues to be in fairly good financial condition to continue to meet the ongoing needs and services of the city.”

Copies of the tentative budget are available for review at city hall, 160 S. Main.

 

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