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Show pity's share 4f stale road h funds increased e k Utah County will receive ad-iait ad-iait tional state aid of $14,395.40 rej'r use on county roads next 'ar as a result of legislation iicted by the 1961 Utah ; p ..gislature. The 1961 "B" road L location to Utah County Lifg ,ade prior to passage of the I' w law was $79,180.19. I '''This was disclosed in a re-' re-' ifarch report recently complet-f complet-f by Utah Foundation, the ,i novate governmental research '' ionization. 1 " In addition, cities and towns 4 !'n receive added state funds 1 k'.der the 1961 law changes i ''Vingville, for example, will entitled to increased state . of $2,667.34 for use on city 'Sht eets. Springville received . 4,671.38 in state road funds er ''tis year. YTtijThe Foundation report points that the 1961 Utah Lee-is- g:ure made a number of sig-&vicant sig-&vicant changes that will af-rit af-rit local units of government the years ahead. Perhaps j most far-reaching of these ins enactment of the Uniform ' linicipal Fiscal Procedures :t which revises the state Gvs pertaining to fiscal pro-iures pro-iures of Utah cities. Beginning in 1962, Utah ies will operate on a July , Tune 30 fiscal year, instead 'PRlll! the present January 1 De-'"'jnber De-'"'jnber 31 calendar year. The undation observes that a C mber of technical changes ill ;re also made in the local counting and budgeting laws, ese changes will afford mu- nicipalities greater discreation in the accumulation and use of carry-over fund balances. Another change, analyzed by the Foundation was the substitution substi-tution of a single overall property pro-perty tax maximum for the large number of individual special spe-cial purpose tax rate limitations limita-tions in cities and counties. Maximum operating levies were set at 18.5 mills in first class cities, 34 mills in second class cities, and 35 mills in third class cities. Springville is a 3rd class city. The maximum maxi-mum operating levies for counties coun-ties were pegged at 16 mills in counties with more than $20,000,000 assessed valuation. Utah county assessed valuation is $128,076,150. |