Lindon City approves 2023 fiscal year budget
The Lindon City Council voted unanimously Monday to approve the city’s budget for the 2023 fiscal year.
Estimated revenues for the city are $28,516,761 for 2023, while total expenditures for the city are estimated at $31,519,117.
According to the final budget presentation given by Kristen Colson, Lindon City finance director, the economy is expected to continue growing in 2023, and it is estimated that there will be a 5% increase in sales, PARC and transit taxes from the previous fiscal year.
Water, stormwater, garbage and recycling utility rates will increase by 3% while sewer utility rates will increase by 6%. According to Colson, this will bring service fees more in-line with delivery costs.
An additional $2.8 million has been allocated toward the installation of secondary water meters, as mandated by the state after the passing of the Secondary Water Metering Amendments earlier this year. Most of the project expenses will be covered by $1.3 million in American Rescue Plan Act funds, $1.2 million from the Utah Division of Water Resources and $400,000 from the Central Utah Water Conservancy District.
“We’ve actually got a lot of funding coming in for this project, so this is a great time to take advantage of the funding and get this done,” Colson said. “Because this is a state mandate.”
The 2023 budget will allow Lindon to hire a new full-time laborer for the streets division of Public Works, a part-time code officer in the Community Development Department, an additional part-time front desk clerk at the City Center and a part-time Recreation Department recreation coordinator.
Some of the largest capital expenditures from the General Fund this year include:
- $803,145 for 15 police vehicles
- $250,000 for a cemetery building
- $233,000 for improvements to the horse arena
- $175,000 for multiple City Center improvement projects
- $137,000 for a fleet vehicle, new dump truck and replace dump bed on existing vehicle
- $125,000 for Hollow Park playground replacement
- $75,000 for new sidewalks
The tentative budget for the 2023 fiscal year was approved during a public hearing held on March 21, and an additional public hearing was held on May 16 to adopt the tentative budget and discuss potential issues. The approved budget for the 2022-2023 fiscal year will take effect on July 1.