The past few years Provo City leaders have been wrestling with how to pay for roads. We set principle-based objectives first and worked from there. Those principles were:
1-Equitable – All who use the roads would have a stake in their maintenance.
2-Sustainable – The solution needed to be fiscally responsible. We no longer wanted to use inefficient bonding as a way to upkeep city streets. Bonding has too much interest associated with it versus a pay-as-you-go method.
3-Tranparency – We wanted a way residents could see and understand exactly how much they’re paying for roads. This gives you, the resident, the ability to hold elected officials accountable.
We feel all three of these objectives were met in the proposed implementation of the Utility Transportation Fund.
The Fund would be established and give us the ability to address the concerns residents expressed over our roads.
Here’s the best news – We feel that we can actually reduce the money you pay in property taxes by March 2015!
This is a HUGE win for residents.
Please watch the above video and give us your feedback.
In the coming weeks and months the Administration and Council will be putting together an aggressive outreach process to make sure that all your questions are answered. Stay tuned.