Show l t r I I County Roads St State te Aid Up Summit bounty wilt will te receive elv additional ad ads state slate aid of for Use on county roads next Year Vear asa na as a ft r result ul of ot legislation enacted bythe bythe by bythe the 1961 Utah Legislature The 11 1061 1961 61 B road allocation to Summit Summit Sum Sum- mit County made prior to passage of th the new la law was Wag This was disclosed in to research report recently completed by Utah Foundation the private governmental governmental govern governs mental research organization Added Funds In addition cities and towns will receive added state funds uner under under un un- der er the 1961 law changes Coal Coals for lor will be entitled en ens titled dUed to Increased state aid of for use on 01 city streets Coalville received in state road funds this year Tho The foundation report points ou out that tha the 1961 Utah Legislature Legislature Legisla Legisla- ture made mad a number of significant significant significant cant changes that tha will affect local local heat lo lo- cal eat units of government In the years yearn ahead Perhaps the most reaching far-reaching of of these was enactment enactment enact enact- ment of the Uniform Municipal Fiscal Procedures Act which ref revises re- re f vises the state laws pertaining to fiscal l procedures of Utah cities Changes Made lade Beginning in 1962 1062 Utah cities will operate on a July June 1 30 fiscal year Instead of the present January December 1 31 calendar year The foundation observes that a number of technical chang chang- changes es were also made in the local ac as accounting accounting counting and budgeting laws These changes will afford municipalities greater discretion in hi the accumulation and use of carryover carryover carryover carry carry- over fund balances Another change analyzed by bythe bythe bythe the foundation was substitution of a single overall property tax maximum for tor large n number mb r. r of individual special purpose purpose tax rate limitations in cities cities' and counties Maximum operating levies were set at ml mills in first class cities 34 mills in second class cities and 35 33 mills In third class cities The maximum operating levies for counties were pegged at 16 mills in counties s with more than assessed valuation valuation i tion and 18 mills in Iq counties with less than valuation Note Coalville is a third class city and Summit County had a 1960 assessed valuation of 13 |