June 13, 2017
Contact: Dan Weist, Director of Communication
FOR IMMEDIATE RELEASE
SALT LAKE CITY – The newly-approved annual budget for Utah’s capital city kicks off the fiscal year on July 1. It includes an emphasis on essential services and personnel; support for long-term investment in water and sewer services; additional support for the City library system; and aid to the homeless.
The $273 million general fund budget is the operating budget for delivering services like police, fire, and parks, and includes the capital budget for major infrastructure projects. The budget was passed Tuesday night by a 7-0 vote.
The budget is funded primarily by the City’s ongoing general revenue sources such as property and sales taxes. The Council faced a last-minute shortfall of more than $1 million, due to an interpretation of new tax rules adopted by the State of Utah, which went into effect this year. The Council voted to use current and future funds from property tax revenue to adjust the shortage in the Mayor’s recommended budget.
“It is fortunate the City has seen strong growth lately, and that we had additional property tax dollars this year that can cover our projected needs,” said Stan Penfold, Salt Lake City Council Chair. “We believe in our City’s future, which is why we built a financial base for the upcoming year sustained by that growth.”
This year’s deliberations also ended with approved increases on public utility bills for wastewater treatment upgrades, and a property tax increase for ongoing maintenance at the City’s eight library branches. Employees, including police and fire personnel, will receive a raise. More on the budget process at http://www.slccouncil.com/
Council Members say public input on the budget has been invaluable as residents have spoken at public hearings and sent in comments through email, phone calls, and social media. Three public hearings were held, starting in May after the Mayor made an initial budget recommendation to the Council.
At the June 13 Formal Meeting, the Council adopted 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 adopted 2017-18 Fiscal Year Budget in its entirety will be available online here upon publication.
A Truth in Taxation Hearing, a public hearing required by the state, will be held on August 8 at 7 p.m. and completes the annual budget process.
Coming up this summer: The Council, working with the Mayor’s Office, will review long term-options for the City’s golf courses.