MAY 2025
RIVERTON REVIEW Official Newsletter of the Riverton, Utah City Government MAYOR’S MESSAGE
MAY 1, 2025
Key Budget Priorities for a Thriving Riverton By Mayor Trent Staggs Riverton City remains in a strong financial position, thanks to careful planning, the fiscal discipline of our elected leaders, the dedicated work of our talented city staff, and the ongoing partnership we enjoy with our engaged residents. This month I will present the Mayor’s Proposed Budget for Fiscal Year 2026 to the City Council and citizens at large for review and deliberation. This proposed budget was developed following extensive discussions with executive staff and careful consideration of the priorities identified by residents. Your input continues to guide our planning and shape the vision for Riverton’s future. The following are key features of the FY 2026 budget proposal: • There are NO proposed fees or tax increases. This is notable as many municipalities across the state continue to raise rates to meet financial challenges. • Riverton City maintains its AAA bond rating, and our debt per capita has dropped to a historic low of $675 per resident. • One of the best measures of fiscal health is ensuring general fund budgets don’t increase more than inflation plus population growth. Under my leadership, we have always operated within our means.
RIVERTON REVIEW | MAY 2025
The 2025-2026 proposed Mayor’s budget was developed following extensive discussions with executive staff and careful consideration of the priorities identified by residents. • Over the past 10 years, sales tax revenue has increased by more than 200 percent. Although the rapid growth seen in previous years is beginning to stabilize, Riverton still anticipates collecting $13.25 million in sales tax revenue for FY 2026, a slight but steady increase from the prior year. Three major initiatives are prioritized in this year’s budget to address citizen requests and strategic goals: • Welby Canal Trail & Pedestrian Bridge Expansion (approximately 4300 West and 13400 South): The next phases of this project will extend trail connections to existing sidewalks, parks, and trail systems. Improvements will include lighting, landscaping, and wayfinding signage to improve safety and connectivity for residents. • Parks Development and Renovation: Riverton was awarded a $710,000 county grant to renovate the park behind City Hall into an allabilities park, enhancing accessibility and inclusiveness for all residents. In addition, $4.5 million in impact fees are allocated toward the development of a new 10-acre park
on the city’s west side, expanding recreational opportunities in one of Riverton’s fastest-growing areas. • Secondary Water Meter Project Completion: The state-mandated secondary water meter installation initiative, funded through state resources and the American Rescue Plan Act, is expected to be completed by the end of FY 2026. No additional rate charges to residents have been instituted. Nearly all residential properties will be equipped with meters, helping to better manage this vital resource for future generations. This proposed city budget is designed to fulfill Riverton residents’ expectations for careful, responsible governance. As your elected representatives, it remains our duty to act with prudence, transparency, and a strong commitment to our shared community goals. Public hearings for the Fiscal Year 2026 budget are scheduled for June 3 and June 17 at 7 p.m. in the Riverton City Council Chamber. Residents are encouraged to attend and offer feedback as we work together to refine and finalize the city’s financial plans. PAGE 1