Fiscally Strong

Eagle Mountain recently received an A+ credit rating from Standard & Poor’s, the highest rating we have ever received from this highly respected agency. This enabled us to refinance water and sewer bonds at a lower interest rate, saving the city $300,000. Those savings are being used to pay off those bonds sooner.

Last year, we took over the Ranches HOA maintenance contract. This caused our landscape maintenance to jump up to $643,636. Through competitive bidding and economy of scale our maintenance contract is now at $461,633. An annual savings of $182,003.

Over the past seven years the per capita (per person) cost of government in Eagle Mountain has been reduced by 25%. That is due to growth and sound practices. The cost of government in Eagle Mountain is 10% below average in Utah. Eagle Mountain may be the most efficient city in the state, and certainly one of the best values by constantly striving to improve services and the experience of living here while keeping taxes low.

New businesses Pizza Hut and Thai Chili Gardens are coming to city center, while Dairy Queen and Quench It Soda Shack will be locating in and near Ridley’s, respectively. We will let you know when we have opening dates.

3 thoughts on “Fiscally Strong

  1. Mayor,

    Could you do a post on the impact that the data center is going to have to our community? How the tax benefits are going to help grow our community. I am curious to know what the city is going to do with the increased revenue.

    Also, could you do a post on the upcoming Rec center? I am super curious to know if the increased revenue might help with the construction of that, or are we still going to be fundraising for it?

    Ken Magleby

    • We are excited about having Facebook in Eagle Mountain and the opportunities that will come as a result. Our community will be benefitted in many ways. However, it will take time. We won’t see direct tax revenue until after the complex is completed. Construction will take two years.
      We will still have to be creative in our efforts to obtain enough funding to build a fully accommodating rec center.
      Even though these things take time to do right there are a lot of good things happening in our city. I am very optimistic about things we are working on. In the coming months and at appropriate times I will be posting updates regarding the data center and other projects.
      This is a great time to live in Eagle Mountain.

  2. Thanks mayor for the reply! I do love living here, and I am grateful for your reply.

    It is best that we can have such easy access to our mayor, and hear direct replies to our inquires.

    Look forward to your continued posts and the growth of the community.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s