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Mindenhall proposes the first “conservative” budget amid the epidemic uncertainty
Salt Lake City – Salt Lake Mayor Irene Mindenhall presented her first budget presentation as mayor on Tuesday, presenting a “conservative” plan amid the uncertain economic times of the global coronavirus epidemic.
This was a stark shift from what Mindenhall had originally hoped to do after a year of higher-than-expected returns stemming from a year of high economic growth.
“Now, in the midst of the rapid change that has overwhelmed our world, we are fortunate to be in a situation where we will not only endure, but develop as a stronger community after the epidemic,” Mendenhall said in her presentation of the salt. Lake City Council during an online meeting on Tuesday.
“While I was hoping to announce more exciting and innovative new projects with our budget surplus, this time it requires careful and thoughtful planning with a focus on keeping our employees, continuing services to our residents, and supporting our communities,” the mayor said.
The $ 1.27 billion Mendenhall budget proposal avoids layoffs by maintaining current staffing levels, while still including funds for initiatives such as housing stability, corridors, parks, and earthquake repairs.
In addition, Mindenhall decided against pre-established increases in water and rainwater prices, street lighting, waste and recycling.
Mindenhall said that experts expect that by the beginning of July, most of the state’s industries will be in a “stabilization phase” amid the epidemic, and by mid-October, the industries will be “at the beginning of a full recovery and” a new normal state. “Danger.”
Based on this prediction, Mindenhall said revenue is not expected to be as rich as this year – but by mid-year, “we expect to see those revenues begin to normalize and even return to an increase year after year.”
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“Overall, we are proposing a generally stable budget this year,” Mindenhall said. “We will keep many current vacancies until January. By maintaining confidence, we are confident that we will be able to keep employees in our city and maintain a fund balance of 15% – a significant increase from previous years. “
The mayor said that the three priorities for the 2020 plan are “to harness our growth for the good of all people. It leads the way towards flexibility and oversight; and the creation of inclusive and fair opportunities for all.”
The Mindanaul budget proposal includes more than $ 9 million for housing stability by combining dollars from the city’s trust fund, new tax revenues from the city’s recent sales tax hike, and federal relief funds from coronaviruses.
“The impact of COVID-19 domino on our world is profound and has reinforced many of the problems facing people, including residential insecurity,” Mindenhall said, adding that she is proud to work on providing “comfort and reassurance” with rental and mortgage assistance, and rapid housing, Displacement resource centers operations and other efforts.
Mindenhall also included $ 500,000 for shovel-ready projects in the Foothill Trail System Master Plan, funds for planning the future of the Allen Park as a “intended art park”, and funding for the rehabilitation of two bridges for the lake salt damaged by a 5.7-magnitude earthquake in March.
“When I took this position just a few months ago, there was no way to anticipate an earthquake and a pandemic in the future. But thanks to the work of thousands of amazing employees, city council, department and department managers, and my department, we are in a stable position.” It is a lucky position to be in, I am optimistic that Salt Lake City will be able to continue this hedge as we overcome this storm. “
Mendenhall’s budget is subject to city council approval, and the final budget is expected to be approved by mid-June.
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