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Canyons Board unanimously approves $6.63 million tax increase to cover pay, inflation and lease bond payment
Summary
The Canyons Board of Education on Aug. 5 approved a total tax rate that will raise $6,633,200 above the certified rate, with $4,078,200 earmarked for operations, including salary increases, and $2,555,000 for capital/lease bond payments.
The Canyons Board of Education on Aug. 5 approved a total tax rate that will raise $6,633,200 above the certified tax rate for the coming year to cover salary increases, inflationary costs and debt service on a lease bond for the district’s innovation center.
Business administrator Leon Wilcox told the board the district’s request follows a multistep process that began last fall and continued through budget hearings in May and June. Under Utah’s certified tax rate system, Wilcox said, local taxing entities generate the same dollar amount of revenue year to year unless they hold a truth‑in‑taxation hearing and adopt a rate to raise more.
Wilcox said the district is proposing a total increase of $6,633,200 (presented as 0.005656 total tax rate). Of that amount, $4,078,200 is planned for operations — including a…
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