Mount Pleasant Development News
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City Council - Jun 16 2026
Published: Jun 16, 2026
City Council Approves Minutes, Reviews May Financial Report with Mixed Trends
The council approved the minutes from the June 2nd, 2026 meeting and reviewed the May 2026 financial report. The report showed strong General Fund revenue and sales tax figures but a decrease in property tax collections. General Fund expenditures increased slightly, while Utility Fund revenues were stable with a reduced year-over-year loss. An accounting adjustment was made to property tax reporting for accuracy.
Deer Creek Phase 2 Subdivision Preliminary Plat Approved, Featuring Large Lots and Private Streets
The council discussed the preliminary plat for Deer Creek Phase 2, a 19.09-acre, 31-lot residential subdivision. The property, previously owned by a mining company, is zoned Single Family 1 (SF1). Two existing private streets within the subdivision will be maintained by the Homeowners Association, as bringing them up to modern city standards would be cost-prohibitive. New water and sewer lines have been installed and will be dedicated to the city upon final plat approval. The lots are large, averaging half an acre. City staff recommended approval, contingent on the roadway and drainage areas being privately owned and maintained. The Planning and Zoning Commission also recommended approval.
Financial Advisor Highlights Low Tax Rate, Utility Debt, and Declining Fund Balance
Jim Sabonis of Hilltop Securities presented an overview of the city's financial condition. He noted that the city has one of the lowest tax rates but a significant amount of utility debt. Despite flat or low growth in tax-assessed value and a decrease in sales tax over the last three years, the city has been efficient. Population growth has been minimal (348 people in 10 years). Tax-assessed value is $1.8 million, with slow growth. Sales tax is $6.4 million, less than three years ago. The General Fund revenue has declined for four consecutive years, leading to a drawdown in fund balance, which was $3.5 million (24% of annual revenue) at the end of 2025, down from 33% the previous year. Total outstanding debt is $104 million, but excluding utility debt, it's only $1,390 per capita (1.15% of capital value). The city has an A+ negative outlook from S&P and a BA1 negative outlook from Moody's, declining due to fund balance drawdowns and operational expenses. Sales tax per capita is low ($43), impacting the tax rate. The city's total tax rate is 36.61 cents, with a municipal tax rate of 28.28 cents, which is considered very low compared to peer cities. Sabonis emphasized the city's efficiency despite economic challenges.
Resident's Humorous Take on Council Meeting Feed Issues
Sarah Aaylor humorously critiqued the city council meetings' live stream quality, comparing them to 1940s serials due to abrupt endings. She specifically requested the feed be fixed and that a particular 'window episode' be concluded for the benefit of remote viewers.
Property Tax Accounting Adjustment Explained to Clarify Financial Reports
During the financial report presentation, a question arose regarding property tax adjustments. The interim finance director explained that an adjustment was made because property taxes were initially recorded on an accrual basis monthly. To correct this, a reconciliation was performed to bring the accounting back to a cash basis, which caused a negative entry in April. This adjustment was necessary for accurate year-end auditing.
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The Mount Pleasant News archive
Planning and Zoning Commission - Jun 09 2026
City Council - Jun 02 2026
City Council - Jun 02 2026
City Council - May 19 2026
Planning and Zoning Commission - May 12 2026
City Council - May 05 2026
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