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Show Mill levy to reduce Cedar adopts $3.8 million budget for 1976 The property mill levy for Cedar City is expected to be reduced 'by the Cedar City Council it was reported at the regular meeting Thursday following a public hearing on the 1976 fiscal budget. The exact amount of the mill levy reduction will not be determined until the assessed valuation has been established. At that time the mill levy will be set and could be reduced even beyond the anticipated 6.6, Mayor Kerry Jones reports. Mayor Jones reports that the reduction in the mill levy is expected to reduce the amount of proX'i ty tax paid by the Cedar City residents $76,000.00. The budget for 1975-70 w as set at $:j,r:),902.()0. Of that amount $2, 207, 270. 00 is uncompleted carryover projects on the sewer plant, airport construction and water department improvements im-provements that were initiated during the past fiscal year. Several carryover items are included in the budget in other areas. City manager, Mike( Embley, indicates that the budget contains $10,000 for a new swimming pool. Of that amount $1110,000 is a carryover with the council approving an additional $100,000 from this year's budget. Also there is included in the budget $140,000 for the completion com-pletion of the Cedar Canyon Park, Phase II. of that amount $70,000 is budgeted from collectable revenues by the city with an additional $70,000 matching funds from the federal government. The budget also includes an approximate seven and one-half percent wages and salary increase in-crease for permanent employees of the city and there is budgeted this year an additional $5000 to the library fund bringing that total to $20,600. The library also receives financial support from the county, it was pointed out. Revenues for the City Council budget come from several sources. Expected revenues from property tax has teen set at $221,000 while sales tax revenues are anticipated to be up nearly $100,000 this year to a total of $300,000. Funds through the Environmental Protection Association and the Federal Aviation Association account for over $2 million in programs that are currently ongoing in the city. It is also reported that Federal Revenue Sharing will increase this year bringing to the city coffers $214,000 and the city will carry over from the 1975 fiscal year a surplus of $107,000 unincombered and uncommitted funds. |