Home PROVO311 Government Departments City Services Community About Us I Want To... UTILITY TRANSPORTATION FUND Provo is seeking a way to fund roads using the principles of equity, transparency, and sustainability. The Council, together with the Mayor, proposed a Utility Transportation Fund as a means to fund roads in a way that utilizes those principles. Watch the video above for an explanation of why roads need additional funding and how this option meets the goals of the Council and Mayor. Equity All groups who use the roads need to participate. We should not ask one person to pay for another’s use. Instead, we all use the roads – we all need to help maintain them. Those that generate traffic on the roads will proportionally pay for the roads. Instead of relying solely on the property owner to pay for roads through property taxes, now every stakeholder will be contributing. Transparency It’s important that residents understand what’s being charged, how it’s being charged and why. Equally as important – the city leaders and elected officials need to know what residents expect of them. Road funds are clearly set aside for the purpose of road repair, construction and maintenance in a dedicated account. Residents can clearly see how they are paying for roads. This allows for greater accountability on the part of elected officials. Sustainability The plan needs to infuse predictability into a system that does not traditionally have a dedicated source of revenue. The solution should be responsible and account for long-term needs. With bonding, the city rolls over remaining interest into the next road bond, refinancing accrued interest. At some point the city will run out of capacity to bond. It’s like taking out a home equity loan to pay your utility bills, and is neither fiscally responsible or sustainable. CONTACT INFORMATION Main Office - 311 (Inside Provo City Limits) Main Office - (801) 852-6000 (Outside of Provo) Additional Contact Info » HOURS OF OPERATION Monday - Friday 7:00AM - 6:00PM LOCATION City Center Building (North Entrance) 351 W Center St Provo, UT 84601 Having website issues? Submit a report here. Copyright Provo City Corporation All Rights Reserved Website Development by Vision Internet