The Murray City Council adopted its fiscal year 2025‑26 final budget and approved the city’s tax levy ordinances at a public meeting on June 17.

City finance staff told the council that assessed values in Murray increased about 6.7 percent overall, which reduced the municipal tax rate. The Salt Lake County assessor’s valuation resulted in a new city tax rate of 0.01403 (presented as 0.001403 in staff tables) down from 0.01483 in the prior year’s calculation; the library levy was listed as 0.00293. Staff reported a combined rate figure used for tax‑bills and that the final budget does not include a property‑tax increase.

Brenda Moore summarized final edits made since the council’s June 3 public hearing: a waiver of Murray Theater rental fees for the Miss Murray pageant was added; the library property‑tax revenue line was increased by $31,006 to reflect growth with the offset to reserves; and the general fund recording of assessed value growth of $120,235 was retained while the city used $498,152 from reserves to balance the final budget. Staff reported the general fund reserve would finish the year at approximately 26 percent of revenues and projected an ending cash balance figure presented in the meeting materials.

Moore also outlined other related budget actions that were included in the fiscal package: the power fund sold bonds with $19,090,000 in proceeds budgeted (with $90,000 appropriated for cost of issuance and $3.6 million for turbine rebuild infrastructure) and $15.4 million placed in reserves for future projects; the fire department budget received reimbursement receipts that increased available funds for overtime and deployment costs; and city funds included targeted appropriations for capital projects and administrative contingencies.

Council members conducted the required ordinance vote to set tax levies and then approved the final budget on a roll‑call vote. City staff said routine follow‑up steps will include posting the final adopted budgets and making the budget documents available to the public.