The City’s annual budget process ramps up in May and June, and City leaders want your input!
The Council is reviewing the Mayor’s recommended budget for 2018-19, which includes spending new funding from an increase in sales taxes. Revenue could be used for City services and projects including but not limited to: streets maintenance, road reconstruction projects and other infrastructure needs, transit, public safety and affordable housing.
In conjunction with the budget deliberations, the Council will take more time in the coming weeks to decide how much sales tax revenue to allocate to each priority. The deliberations will happen in public Work Sessions every Tuesday through mid-June when the final budget is adopted. The Council will review the budgets for the City overall, the Redevelopment Agency, the Local Building Authority, plus budgets for the Library, Airport, and Public Utilities (storm water, sewer and water services). The new budget year starts in July.
You can weigh in on the budget at the next public hearing on June 5 at 7 p.m. in room 315 of the City & County Building.
See the Council’s work session discussing the budget on May 15.
A Fall vote to further fund critical needs?
The new sales tax revenue is part of an effort to find a balanced mix of taxes and fees that can adequately fund services for a growing City, while not overburdening residents and taxpayers.
Salt Lake City is considering the sales tax and a General Obligation bond as the most available financing options to fund growth and critical needs – the sales tax increase that passed on May 1, and perhaps this fall asking voters to consider approving a General Obligation (GO) bond.
Read more and stay informed about the “Funding Our Future” campaign.