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City presents 2026 budget proposal with no property tax increase, offsets with fund balance and BDO lease revenue
Summary
City staff proposed a fiscal 2026 budget that holds property tax rates flat, uses restricted fund balance and higher investment income to balance spending, and lays out how BDO lease revenue will pay debt service and capital projects including Marshall White and the WonderBlock parking structure.
South Ogden City Council staff presented a proposed fiscal year 2026 budget that does not include a property tax rate increase and relies on existing fund balance, higher projected interest income and BDO lease revenue to cover planned spending.
“Almost 64% of the general fund revenues comes through taxes, through sales tax, property tax, and other taxes that are received,” Justin said as he walked council through the revenue mix and the proposed changes for 2026.
The presentation showed a proposed 1.4% increase in total general fund revenues driven by a $795,000 rise in property tax revenue tied to new growth and expiring tax increment districts. Sales tax…
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