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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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