May 25, 2012
the decline in local sales tax in the last year.
photo enforcement cameras account for half of the town’s revenue.
Program costs make up 14 percent of expenses.
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Speed cameras still yield $900,000 in revenue despite decline in tickets
Star Valley’s four budgetary workhorses need a feed bag of speeding tourists, with the town projecting another drop in photo enforcement revenue in next year’s fiscal budget. Fortunately for the town’s bottom line, Star Valley still expects to bank nearly $900,000 from the four cameras fixed at opposite ends of town. However, ticket revenue has dropped by 23 percent since Star Valley installed the cameras in 2008. Ticket revenue is not the only thing decreasing. City sales tax is also expected to continue its downward spiral. Although neighboring Payson this year saw a heartening rise in sales tax revenue, the numbers show that Star Valley’s businesses continue to struggle.