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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Regenerative agriculture

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Soils can potentially trap a large amount of carbon away from the atmosphere. One method of driving more carbon into soils is through regenerative agriculture.

For example, in the summer of 2018 Park City decided to initiate regenerative agriculture on the iconic piece of land at McPolin Barn. This piece of land had remained relatively undisturbed since it was set aside under easement in 1991. The lack of disturbance on the land led to the grasses that grow and die each year to thatch together, never properly decomposing into the soil.

In partnership with Bill White Farms, a local non-profit organization, cattle were reintroduced to the former dairy. Rather than allowing them to spread out and graze on their favorite species, the cattle were herded together which forced them to eat down the grasses and weeds indiscriminately. The disturbance by the cows hooves, as well as what comes out of their tail ends, helped to mix dead matter with the soil and facilitate the decomposition process. This accelerated decomposition is key in releasing nutrients, thus creating a healthy environment for microbiota to trap more carbon away from the atmosphere and build up the health of our soils. The healthy soils are also more able to retain water, and allow for better growth of native species instead of noxious weeds.