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Content about Public finance

August 18, 2014

You own a home in Morgan County valued at $276,000, the average assessed value in the county.  Last year, you paid $1,184 in taxes according to the 0.007805 certified tax rate set by the Utah State Tax Commission. 

You own a home in Morgan County valued at $276,000, the average assessed value in the county.  Last year, you paid $1,184 in taxes according to the 0.007805 certified tax rate set by the Utah State Tax Commission. 
July 21, 2014

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.

July 17, 2014

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.
“I am not sure if I am in favor of a transit tax,” Morgan County Council Chairman Logan Wilde said.  
The county has been discussing raising sales tax to fund transit, perhaps through an agreement with the Utah Transit Authority (UTA).  That tax must be approved before an additional tax meant to provide funds to repair and maintain county roads could be added to the sales tax increase.
Wilde said he is concerned with the view that passing the transit tax is the only way that could lead to funding county roads.
When he reads the fine print about sales tax for funding roads, Wilde said there are too many stipulations.

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.
“I am not sure if I am in favor of a transit tax,” Morgan County Council Chairman Logan Wilde said.  

July 10, 2014

The Morgan County School Board will meet Monday, June 30, to discuss a possible tax increase.

The Morgan County School Board will meet Monday, June 30, to discuss a possible tax increase.  The budget hearing reviewing both the fiscal year 2014 final budget and the proposed 2015 tentative budget is scheduled for 7 a.m. in the district board room, 240 E. Young Street.

May 31, 2014

While new taxable property is on the increase in Morgan County—which would benefit Morgan County School District finances—so are requests from large tax payers to adjust taxes downward—which could cause a one-year increase on property taxes.

While new taxable property is on the increase in Morgan County—which would benefit Morgan County School District finances—so are requests from large tax payers to adjust taxes downward—which could cause a one-year increase on property taxes.

December 28, 2013

City officials are so interested in bringing new businesses to town in an effort to boost economic development that they would consider offering tax incentives to anyone interested.

City officials are so interested in bringing new businesses to town in an effort to boost economic development that they would consider offering tax incentives to anyone interested.

December 28, 2013

City, county and school board leaders are considering negotiating tax incentives that could bring $6.2 million in taxable value improvements to the county in the form of an expansion of the Young Automotive Group.

City, county and school board leaders are considering negotiating tax incentives that could bring $6.2 million in taxable value improvements to the county in the form of an expansion of the Young Automotive Group.

September 1, 2013

The Morgan County Council is on the lookout for residents being inappropriately taxed for telecommunications on their cell phone bill.

County investigates cell phone telecom tax
 
The Morgan County Council is on the lookout for residents being inappropriately taxed for telecommunications on their cell phone bill.

May 11, 2013

After researching the facts, talking to community members and maybe even viewing one of the Morgan County School District’s community presentations regarding the voted local levy, you may be wondering how you can keep an eye on tax rates should the levy pass.

After researching the facts, talking to community members and maybe even viewing one of the Morgan County School District’s community presentations regarding the voted local levy, you may be wondering how you can keep an eye on tax rates should the levy pass.

April 20, 2013

In my opinion, to take more money from the pockets of Morgan residents demonstrates arrogance of the Morgan school board members and Superintendent who want to preserve or expand the status quo rather than looking for ways to cut programs, eliminate waste, and better manage existing tax revenue.  

In my opinion, to take more money from the pockets of Morgan residents demonstrates arrogance of the Morgan school board members and Superintendent who want to preserve or expand the status quo rather than looking for ways to cut programs, eliminate waste, and better manage existing tax revenue.  

January 4, 2013

Auditors gave Morgan City a clean bill of financial health during the fiscal year 2012 financial report.

Auditors gave Morgan City a clean bill of financial health during the fiscal year 2012 financial report.
Tax revenues increased $30,000 and sales tax increased $50,000 compared to the prior year.

November 23, 2012

The last issue of TMCN reported that the Cottonwoods subdivision developer had requested incremental tax funding for a reservoir that he/they want to develop in conjunction with his North Side Creek subdivision.  Incremental tax is the tax difference between the undeveloped land (the bare lot) and the property after it has been developed (i.e., in this case after homes have been built on the lots).

Dear Editor:

November 20, 2012

Developer Rulon Gardner has plans for a new 22-lot development, and is approaching the county and school board about the possibility of using tax increment funding to build a reservoir feature.  The reservoir would double as a private amenity for the development as well as storage for secondary water.

Developer Rulon Gardner has plans for a new 22-lot development, and is approaching the county and school board about the possibility of using tax increment funding to build a reservoir feature.  The reservoir would double as a private amenity for the development as well as storage for secondary water.

August 29, 2012

An economic development attorney has asked Morgan County to shake off the webs and dust that has collected on its Redevelopment Agency created in the days of Garth Day and kick things into gear again.

An economic development attorney has asked Morgan County to shake off the webs and dust that has collected on its Redevelopment Agency created in the days of Garth Day and kick things into gear again.

July 19, 2011

The Morgan County School Board struggled on Tuesday night to find a solution to a shortfall of more than $100,000 in transportation funds caused by the increase in fuel costs.  The largest challenge is the overruns caused by picking children up for school and dropping them off.  A secondary issue is the number and length of trips taken by activity organizations (sports, band, choir, etc) and field trips at the elementary and middle school.