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Riverdale Considering 50 Percent Property Tax Hike



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RIVERDALE, Utah (AP) -- Property taxes in Riverdale could increase 50 percent if the city council gives final approval to a tentative budget in June.

City officials say the increase is a way for Riverdale to deal with a cap the Legislature placed on sales tax revenue two years ago.

City councilman Stacey Haws says the city has cut all it can and must raise taxes and fees.

The proposal also calls for a 15 percent increase in business license fees, a 10 percent hike in utility rates and a 2 percent franchise tax on cable TV, gas, electricity and telecommunications.

If approved, the property tax increase will generate an additional $210,000 per year and the franchise tax will generate $179,000 per year.

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Information from: Standard-Examiner, http://www.standard.net

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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