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Content about finance

July 25, 2014

The full Senate agreed recently to include Senator Mike Lee’s proposal to reform transportation funding in a package of amendments on the Highway Trust Fund. The Transportation Empowerment Act would allow states to keep the vast majority of revenue each raises through the gas tax, making it easier and more effective for communities to develop the transportation system they want and need. 

The full Senate agreed recently to include Senator Mike Lee’s proposal to reform transportation funding in a package of amendments on the Highway Trust Fund.

July 21, 2014

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.

July 17, 2014

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.
“I am not sure if I am in favor of a transit tax,” Morgan County Council Chairman Logan Wilde said.  
The county has been discussing raising sales tax to fund transit, perhaps through an agreement with the Utah Transit Authority (UTA).  That tax must be approved before an additional tax meant to provide funds to repair and maintain county roads could be added to the sales tax increase.
Wilde said he is concerned with the view that passing the transit tax is the only way that could lead to funding county roads.
When he reads the fine print about sales tax for funding roads, Wilde said there are too many stipulations.

Not every member of the Morgan County Council agrees with putting a transit tax on the ballot, or how the county should fund road repair and maintenance.
“I am not sure if I am in favor of a transit tax,” Morgan County Council Chairman Logan Wilde said.  

July 10, 2014

The Morgan County School Board will meet Monday, June 30, to discuss a possible tax increase.

The Morgan County School Board will meet Monday, June 30, to discuss a possible tax increase.  The budget hearing reviewing both the fiscal year 2014 final budget and the proposed 2015 tentative budget is scheduled for 7 a.m. in the district board room, 240 E. Young Street.

May 31, 2014

While new taxable property is on the increase in Morgan County—which would benefit Morgan County School District finances—so are requests from large tax payers to adjust taxes downward—which could cause a one-year increase on property taxes.

While new taxable property is on the increase in Morgan County—which would benefit Morgan County School District finances—so are requests from large tax payers to adjust taxes downward—which could cause a one-year increase on property taxes.

March 23, 2014

The Morgan County School Board of Education wants input on how to handle anticipated growth, especially as it relates to expected increases in public school enrollment.  To get that input, the board has formed a growth advisory committee/task force.

The Morgan County School Board of Education wants input on how to handle anticipated growth, especially as it relates to expected increases in public school enrollment.  To get that input, the board has formed a growth advisory committee/task force.

January 25, 2014

The Morgan County School Board is on the search for residents to sit on a finance committee to take a close look at the district’s budget and also advise on money-saving tactics.

The Morgan County School Board is on the search for residents to sit on a finance committee to take a close look at the district’s budget and also advise on money-saving tactics.
Applications will be available in February for the 15- to 20-member advisory committee.

December 28, 2013

City officials are so interested in bringing new businesses to town in an effort to boost economic development that they would consider offering tax incentives to anyone interested.

City officials are so interested in bringing new businesses to town in an effort to boost economic development that they would consider offering tax incentives to anyone interested.

December 28, 2013

City, county and school board leaders are considering negotiating tax incentives that could bring $6.2 million in taxable value improvements to the county in the form of an expansion of the Young Automotive Group.

City, county and school board leaders are considering negotiating tax incentives that could bring $6.2 million in taxable value improvements to the county in the form of an expansion of the Young Automotive Group.

November 9, 2013

Morgan County’s economic development consultant is pursuing the redevelopment of the Como Springs area, saying a new hot springs pool could bring in as many as 42,900 people each year.  But that is only if the necessary agreements can be made and as much as $3.79 million can be secured to finance the venture.

Morgan County’s economic development consultant is pursuing the redevelopment of the Como Springs area, saying a new hot springs pool could bring in as many as 42,900 people each year.  But that is only if the necessary agreements can be made and as much as $3.79 million can be secured to finance the venture.

September 1, 2013

The Morgan County Council is on the lookout for residents being inappropriately taxed for telecommunications on their cell phone bill.

County investigates cell phone telecom tax
 
The Morgan County Council is on the lookout for residents being inappropriately taxed for telecommunications on their cell phone bill.

September 1, 2013

The Young Ford in Morgan’s grand opening event on Saturday, Aug. 17 was meant as a reflection of what the new owners hope their reputation will continue to be in Morgan County: family friendly, fun and fair.

The Young Ford in Morgan’s grand opening event on Saturday, Aug. 17 was meant as a reflection of what the new owners hope their reputation will continue to be in Morgan County: family friendly, fun and fair.

June 17, 2013

During the course of the public debate on the necessity of a Voted Local Levy in the Morgan School District, we often times  forget the larger picture of the financial struggles faced by the state and most districts.  State Superintendent of Schools Martell Menlove stated in a community meeting in Morgan County last month that Morgan School District is not alone in facing financial challenges when it comes to balancing their budgets this year.  A quick review of the state’s newspapers and television stations and you will see many headlines, news stories and editorials dealing with school finance.  One example can be found on the editorial page of the Sunday, June 2, issue of the Ogden Standard Examiner.

During the course of the public debate on the necessity of a Voted Local Levy in the Morgan School District, we often times  forget the larger picture of the financial struggles faced by the state and most districts.  State Superintendent of Schools Martell Menlove stated in a community meeting in Morgan County last month that Morgan School District is not

June 7, 2013

As I have researched school district finance during the past few months, I have come to the decision to actively support the voted local levy. We have great students, parents and teachers in Morgan County who have made education a priority. Our CRT scores prove a high level of proficiency in language arts and science comparable to districts that are spending double per student annually. Some may argue that if we are meeting our basic educational goals and even beyond, why would we want to increase funding?

Dear Editor:

May 11, 2013

After researching the facts, talking to community members and maybe even viewing one of the Morgan County School District’s community presentations regarding the voted local levy, you may be wondering how you can keep an eye on tax rates should the levy pass.

After researching the facts, talking to community members and maybe even viewing one of the Morgan County School District’s community presentations regarding the voted local levy, you may be wondering how you can keep an eye on tax rates should the levy pass.

April 20, 2013

In my opinion, to take more money from the pockets of Morgan residents demonstrates arrogance of the Morgan school board members and Superintendent who want to preserve or expand the status quo rather than looking for ways to cut programs, eliminate waste, and better manage existing tax revenue.  

In my opinion, to take more money from the pockets of Morgan residents demonstrates arrogance of the Morgan school board members and Superintendent who want to preserve or expand the status quo rather than looking for ways to cut programs, eliminate waste, and better manage existing tax revenue.  

January 4, 2013

Auditors gave Morgan City a clean bill of financial health during the fiscal year 2012 financial report.

Auditors gave Morgan City a clean bill of financial health during the fiscal year 2012 financial report.
Tax revenues increased $30,000 and sales tax increased $50,000 compared to the prior year.

November 10, 2012

Rachel and Greg Denning are creating an unconventional life for themselves and their five children: they travel almost constantly, live independently (no 9-5 job) and do humanitarian projects.  No, they are not retired. They are a young family that decided one day to live their dream—and they made it happen.

Rachel and Greg Denning are creating an unconventional life for themselves and their five children: they travel almost constantly, live independently (no 9-5 job) and do humanitarian projects.  No, they are not retired. They are a young family that decided one day to live their dream—and they made it happen.

July 23, 2012

Each summer we watch with grim fascination as wildfires burn across the western United States. This summer has proved to be as bad as any.  Fires in Colorado and other states have consumed both wild lands and homes with equal ferocity.  You may wonder, “What would I do if I lost my home to a fire?  Would I be prepared?”

By Matthew Ence, 
Snow Jensen & Reece

July 18, 2012

 
Promising statistics signal a housing market on the rebound, but economic headwinds are keeping markets from improving quickly, according to Harvard University’s annual State of the Nation’s Housing report, released on Thursday. “With new home inventories at record lows, unless the broader economy goes into a tailspin, stronger sales should further stabilize prices and pave the way for a pickup in single-family housing construction over the course of 2012,” said Eric S. Belsky, managing director of Harvard’s Joint Center for Housing Studies, in a news release. 

Promising statistics signal a housing market on the rebound, but economic headwinds are keeping markets from improving quickly, according to Harvard University’s annual State of the Nation’s Housing report, released on Thursday.

July 18, 2012

With a strong background in finance and a focus on volunteer service, Tina Cannon hopes to make a difference on the Morgan County School Board.  Cannon is running for District 1. Cannon is a professional accountant who worked at a public accounting firm for many years.  She left the firm to spend more time at home with her children.  She and a partner run their own accounting firm, where she provides services to businesses and is able to work out of her home and be close to the needs of her children.  The change has also allowed her to do more volunteer work.

With a strong background in finance and a focus on volunteer service, Tina Cannon hopes to make a difference on the Morgan County School Board.  Cannon is running for District 1.

July 6, 2012

 
Generating Income in a Low Interest Rate Environment
If you’re getting ready to retire or are currently retired I’m sure you are well aware that we are in an environment with record low interest rates.  You have probably been to a bank or credit union and have asked them what type of investments they have that can provide you an income now that you aren’t working, I’m guessing you were a bit disappointed.

Generating Income in a Low Interest Rate Environment

July 5, 2012

When dealing with a volatile market, sometimes the most difficult challenge is to manage your emotions. If you decide you need to re-examine your game plan, it should be done with as much care as you put into developing that plan in the first place. Your financial professional may be able to help you decide if any of the following may be appropriate for you.

 

June 5, 2012

Morgan City is short at least $814,000 in taxes owed to a special improvement district by Mount Joy, LLC, a local developer now involved in bankruptcy court proceedings.  Without payment, Morgan City officials may have to cut costs or reduce services to make a $103,000 bond payment June 1.  Developer Gray Jensen said things are in the works that could help the city make the payment.

December 29, 2011

On Wednesday Dec. 14, a group of Army Reserve Soldiers from Utah returned from serving in Iraq. Sergeant Major Patrick Shuldberg from Morgan, greeted his returning soldiers at the Salt Lake Airport.  

On Wednesday Dec. 14, a group of Army Reserve Soldiers from Utah returned from serving in Iraq. Sergeant Major Patrick Shuldberg from Morgan, greeted his returning soldiers at the Salt Lake Airport.  

September 15, 2011

Russell Moore and his wife Kristi are the owners of Canyon Collision. They have been serving the Morgan Residents for the past 3 years in the Auto body industry. He and his wife brought their business to Morgan when the auto body shop (formally called Classic Auto body, owned by Norm Kippen) became available. 

 

July 21, 2011

After months of negotiations the county reached agreement with the developers of Rollins Ranch.  The developer agreed to complete all identified improvements per the initial development agreement by August 31 and to pay the outstanding tax bill of approximately $23,000.  The county agreed to waive interest and penalties on the unpaid taxes, to take the developer out of default, and to begin issuing building permits once the taxes are paid and the improvements are complete.  

 

July 19, 2011

The Morgan County School Board struggled on Tuesday night to find a solution to a shortfall of more than $100,000 in transportation funds caused by the increase in fuel costs.  The largest challenge is the overruns caused by picking children up for school and dropping them off.  A secondary issue is the number and length of trips taken by activity organizations (sports, band, choir, etc) and field trips at the elementary and middle school.

 

May 23, 2011

 

After a brief hiatus while the city finalized the new playground equipment and prepared for the summer events, the city is back on the trail towards a splash pad.  The city proposed a splash pad to residents last year after discussions with a number of residents in the county as well as visits to splash pads in other cities.  Morgan City is making this a community project and planning to primarily fund the construction of the splash pad with donated funds, material, and labor from local businesses and residents.  The city feels confident that they can raise the funds required.

 

March 13, 2011

In documents by The Morgan County News obtained through  a Government Records Access Management Act (GRAMA) request  from the investigation into the actions of Garth Day, the former Morgan County Council Administrator, additional details of the actions of Day were revealed.  

February 18, 2011

At the School Board Meeting on Tuesday night the school board local building authority approved the issuance of $4 million in bonds for the school building projects.  The bonds will be purchased by Zions Bank.  The bank has agreed to purchase them at the same rate as the subsidized rate under the federal government program used for the bonds.  This means that the school district will be getting interest free money.

December 31, 2010

In the document “Promises to Keep” adopted by the Utah State Board of Education in August of 2009 it refers to the mission of Public Education.  Within this mission it states that Utah’s public education system keeps its constitutional promise by ensuring literacy and numeracy for all Utah children.

November 12, 2010

Rhonda Kippen is the newest member of the Morgan County Council.  Kippen was appointed by the council to finish the term of Rodney Haslam after he resigned for health reasons.

Rhonda Kippen is the newest member of the Morgan County Council.  Kippen was appointed by the council to finish the term of Rodney Haslam after he resigned for health reasons.

November 8, 2010

In the county council meeting on Tuesday night, the council considered applicants for the district four council position. This position was recently vacated by Member Rod Haslam, who is suffering with health problems. The applicants were Fred Jacobson, Jim Jones, and Ronda Kippen.
Jacobson, Jones and Kippen appeared together before the council and answered questions. The candidates began with a summary of themselves and their qualifications.

In the county council meeting on Tuesday night, the council considered applicants for the district four council position. This position was recently vacated by Member Rod Haslam, who is suffering with health problems. The applicants were Fred Jacobson, Jim Jones, and Ronda Kippen.

September 25, 2010

In March, FindMyPast.com announced that many of the Chelsea Pensioner records have been digitized and indexed.  This is a big deal because they are the records on anyone who received a pension from the British Army from 1760 to 1913.  At the end of last week they announced that they had added 100,000 records to the collection. 

In March, FindMyPast.com announced that many of the Chelsea Pensioner records have been digitized and indexed.  This is a big deal because they are the records on anyone who received a pension from the British Army from 1760 to 1913.  At the end of last week they announced that they had added 100,000 records to the collection.  

September 25, 2010

After the county’s previous postmaster accepted a position in Hooper, Morgan was left without a postmaster for a few months. Dave Schroeder has now filled this vacancy and is the new postmaster for Morgan County

After the county’s previous postmaster accepted a position in Hooper, Morgan was left without a postmaster for a few months. Dave Schroeder has now filled this vacancy and is the new postmaster for Morgan County

September 19, 2010

Salt Lake City   The Utah Bankers Association has elected new officers and board members for 2010-2011.  The announcement was made at the conclusion of the association's Annual Convention in Sun Valley, Idaho. 

Salt Lake City   The Utah Bankers Association has elected new officers and board members for 2010-2011.  The announcement was made at the conclusion of the association's Annual Convention in Sun Valley, Idaho.  

September 19, 2010

During the last few years school districts have been forced to rely more and more on local property taxes to supplement the money appropriated by the legislature to pay our teachers, maintain our facilities and pay for programs that enhance our students’ education.  This year, in a down economy, not only are the funds from the state budget impacted, but the local funding from property taxes will be affected as well.

September 14, 2010

In a public hearing on Tuesday, with no public comment, the city made the final steps to approve at $101,000 road bond.  The city is bonding under the Build America Program made available from the Federal Economic Stimulus plan.  Under this plan the city can borrow at a discounted rate. 

In a public hearing on Tuesday, with no public comment, the city made the final steps to approve at $101,000 road bond.  The city is bonding under the Build America Program made available from the Federal Economic Stimulus plan.  Under this plan the city can borrow at a discounted rate.  

September 12, 2010

A Meet the Candidate night was held at Mark & Sheila Wilkinson's home on Thursday, September 2.   Larry Hatch and Robert Kilmer, who are opponents in the race for Morgan