The Clearfield City Council has adopted a tax rate of 0.002415, slightly lower than last year's and in line with the state's certified tax rate.
By adopting the certified rate, the city will not have to hold a truth-in-taxation hearing, which had previously been scheduled for Aug. 13.Instead, the city will hold a regular public hearing on the budget on Tuesday, July 9, at 7:15 p.m.
The certified tax rate of 0.002415, which will cost the owner of an $80,000 home about $139, will generate about $1.1 million for the city's $4.3 million general fund, which will also receive about $1.2 million from sales taxes and $700,000 from franchise, or utility, taxes.
Last year's tax rate was 0.002678, which the city had wanted to keep for the coming year. Changes in the tax laws as a result of the landmark AMAX decision, however, would have caused the rate to generate more revenue than last year, thus requiring a truth-in-taxation hearing.
So the council opted to reduce the state certified tax rate, which will generate about the same amount of property tax revenue as last year.
To cover increases in spending, the city is banking on increases in sales tax revenue from new businesses in the Freeport Center and from a new grocery store scheduled to open in November.
The 1991-92 budget also increases the garbage collection fee by $1 to offset increased fuel costs and the sewer fee by $1.50 to balance the amount the city pays to the North Davis Sewer District.
Major expenditures are the police department, which will get $1.23 million, compared with $1.18 million last year, and the fire department, whose $370,000 budget is a $50,000 increase over last year's.
The city's payroll, boosted by an across-the-board 3 percent raise, will amount to $2 million, about $58,000 more than last year.