May 25, 2012
Despite raising base water rates 40 percent, the town expects its new water department to have an annual defecit of nearly $12,000 due to needed improvements and emergency repairs. Less than half of town residents are on the water system, the rest are on private wells.
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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.