City Council Adopts FY25 Final Budget

Post Date:06/20/2024 7:00 PM

News Release – For Immediate Release
June 20, 2024 

City Council Adopts FY25 Final Budget  

Leaders Prioritize High Customer Service Levels and Investments in Critical Community Initiatives 

 Park City, Utah - The City Council unanimously adopted its Fiscal Year 25 Budget on Thursday, June 20. The final $98.5 million Operating Budget is the result of months of collaboration with residents, businesses, and community stakeholders to reflect and achieve the Community’s vision of a well-balanced, locally-connected, and high-quality experience.  

 “The City Council and I share a steadfast commitment to fiscal responsibility, while adequately supporting our goals and our professional workforce,” said Park City Mayor Nann Worel. “The FY25 budget accomplishes what we set out to do: maintains core programs and essential services, provides high quality customer service to our residents and businesses, reinvests in our employees, and continues to support critical community initiatives and new capital projects.” 

 Several FY25 budget (operations and capital) initiatives are highlighted below:  

  • $9.4 million for the Homestake roadway and multi-use path and sidewalk;
  • $10 million for multi-use community projects with affordable housing;
  • $825,000 to support affordable childcare for working families; 
  • $638,500 for essential non-profit services;
  • $15 million for a Park-and-Ride near the intersection of S.R. 248 and U.S. 40;
  • $3.5 million to underground transmission lines in Bonanza Park;
  • $2.5 million for bike and pedestrian improvements in Thaynes/Three Kings area;
  • $1 million in additional investments in the City’s workforce;
  • $15.2 million for a new Community Center at City Park;
  • $7.5 million for new aquatics facilities at the PC MARC;
  • $8.5 million for bus stop improvements, including shelters and ADA upgrades; and
  • $75,000 to plan for the 2034 Winter Olympics.

 “This budget addresses important community priorities, such as transportation, housing, recreation, connectivity, and our employees,” said City Manager Matt Dias. “Thank you to the City Council for their leadership and support to pursue an aggressive agenda of capital projects, quality customer service, and maintaining a competitive workforce. In particular, we are very excited to begin to renovate our PC MARC aquatics facilities, improve our bus stops, and build a new Park City community center and summer camp headquarters in City Park, to name but just a few.” 

By state law, Park City is required to adopt a balanced fiscal year budget by July 1. To learn more about Park City’s new budget, visit the Budget team’s website here.  

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Biochar

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Although wildfires are a healthy part of many ecosystems in the Intermountain West, the risk from catastrophic wildfires continues to increase in communities like Park City. Years of fire suppression, coupled with a hotter and drier climate and the continued development of subdivisions close to forestlands, presents the difficult challenge of trying to protect communities while also managing fire in a way that does not exacerbate climate change.

In 2019, Park City was among eight communities to recently receive a Leader in Community Resilience Program award from the National League of Cities (NLC). The award will support the city’s work in developing a biochar program to reduce excess forest fire fuels such as brush and wood debris, and return that carbon to Park City's soils.

Biochar is a charcoal-like material that can be used in carbon sequestration efforts. It is made by burning the excess forest fuels in an oxygen-free environment. Biochar is rich in carbon and in this case, will be collected from defensible spaces, that is the natural or landscaped area around a structure that is maintained and designed to reduce fire dangerPark City held a public demonstration in May 2019 to teach the public about how biochar is made, where it can be used on the landscape, and how it can reduce fire danger locally.

The forests surrounding most structures in the community contain a lot of poor-quality lumber that has the potential to be turned into biochar. This biochar, in turn, can be applied to farm fields and open spaces.

Get in touch to learn more!

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