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Murray Council adopts FY25‑26 budget and tax levies; city rate falls slightly
Summary
The Murray City Council adopted the fiscal 2025‑26 final budget and set tax levies on June 17. Staff reported a modest tax‑rate decline driven by assessed value growth and several line‑item adjustments since the draft budget; the general fund reserve and special transfers were discussed.
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…
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