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Show Budget set for adoption by Christopher Smart City Manager Arlene Loble unveiled her proposed $10 million budget for fiscal year 1984-85 at a June 7 public hearing. Listed in this year's proposed budget are six new full-time employees and 10 percent raises, based on merit, for current employees. The number of full-time employees will jump from 79 to 85 with seasonal and part-time workers making the total 150. Loble said the budget also includes a contingency fund of $400,000 to be , used should Park City have a poor winter tourist season. Although the budget for fiscal year 1984-85 is close to $10 million, the actual Operating Budget is set at $7.5 million. The Capital Improvements Budget, which accounts for the balance, has already been adopted by the City Council. Under Utah law, however, it must again be considered at a public hearing and readopted as part of the city's fiscal budget. Capital improvements are budgeted on a calendar year basis so that the city can take maximum advantage of the summer construction season, Loble explained. In her presentation in the City Council chambers, Loble broke down the Operating Budget expenditures as follows: water, 19 percent; Public Works, 18 percent; Leisure Services, 12 percent; Community Development 10 percent; Public Safety, 13 percent; Transit Service, 9 percent; and debt service, 7 percent. For the first time, Loble said, the city's water system will more than pay for itself. She said additional revenues brought in from water fees will be used to repay an outstanding loan of $140,000 to the general fund. The loan was necessary to revamp the system. Funding for public works has decreased in the newly proposed budget from $937,117 last year to a proposed $913,345. Leisure Services, which includes recreation and library as well as the cemetery is allocated $466,775 in the proposed budget compared with $410,471 last year. The City Council will propose to the County Commission that the county subsidize recreation and the library in Park City, Loble said, because the facilities are used by county residents who are not subject to municipal taxes. Community Development expenditures expendi-tures will increase this coming year by approximately $29,000 to $629,520, according to the proposed budget. The allocation for Public Safety is up from $756,619 last year to a proposed . allocation of $818,000. - .,' The transportation system is slated to receive $527,595 in the upcoming year compared to $492,068 last year. The Operating Budget will derive 30 percent of its revenues from sales tax, Loble said. Twenty four percent of the budgetary revenues will come from property tax, 18 percent from fees on services and 8 percent from planning and building fees, she said. Property tax accounts for a little over $1.5 million in the upcoming budget, Loble said. That figure is up $100,000 from last year, she said. And while the actual tax dollar amount will increase, the city's mill levy will come down approximately 3.5 mills, Loble said, because property valuations have increased. The Resort City Sales Tax is projected to bring $600,000 into the budget during the next fiscal year, Loble said. Of that amount, $386,550 were described as "property tax relief" in Loble' s presentation. Another $88,450 was set aside for the transit system and $125,000 was allocated to the Chamber Bureau to build a tourist information center and promote tour ism during summer months (see separate story). While the budget is scheduled for formal adoption today, June 14, at the regular 5 p.m. meeting of the City Council, no mill levy can be formally set. The County Assessor has not yet completed property valuations. (See separate story.) Valuations and mill levies are both used in the formula to compute property tax. |