Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the City Budget topic
No spam. Unsubscribe anytime.
Salt Lake City Council adopts 2025–26 budget, sets tax levy and moves $55.8 million to CIP
Summary
The Salt Lake City Council unanimously adopted the cityand librarybudgets for fiscal year 202526 2026, set the final tax levy and approved a $55,806,110 transfer to the capital improvement program (CIP); council deferred one administrative ordinance for a future meeting.
Salt Lake City The Salt Lake City Council on June 10 adopted the cityand library budgets for fiscal year 202526 2026, approved a final property tax levy as presented on the council motion sheet, and authorized a $55,806,110 transfer into the cityCIP, including $13,489,253 in specified funding.
Why it matters: The ordinance and related motions set the city's spending plan, revenue allocations and contingency appropriations for the coming fiscal year, commit carryover and ongoing revenues to funds including the Library Fund and repayment of general obligation bonds, and move significant funds into capital projects that will be allocated to specific projects later this year.
The council considered and approved several budget motions during the meeting. Councilmembers voted unanimously to adopt an ordinance approving the Library Fund budget, then approved the mayor's recommended city budget (excluding the capital schedule and debt schedule in an earlier motion) with contingent appropriations noted on the council motion sheet. Later the council adopted an ordinance setting the final rate of tax levy "as listed on the motion sheet," asking the City's Attorney's Office to work with the State Tax Commission to review recent tax advice regarding the library and combined tax-entity impacts. The chair read the tax levy components into the record as listed on the motion sheet, and the council adopted the item as moved.
Councilmembers also approved a motion to transfer $55,806,110 into the CIP and to approve $13,489,253 in funding shown on the motion sheet; the council will adopt project-specific CIP allocations later in the year. The council adopted a package of legislative intent statements and moved items A through K on the motion sheet, deferring an ordinance amending Title 2 (administrative organization) for the Sustainability Department (item I) to a future meeting.
Chair Alejandro Pua thanked staff and volunteers for the work on the budget, noting the annual difficulty of the process: "it was, it's always a it's a big mountain every year to move." Councilmember Erin Young asked the city's financial team to stand so the council could thank them for their work.
Actions recorded during the meeting included earlier, related approvals by the Local Building Authority and the Community Reinvestment Agency to adopt their respective fiscal-year budgets; those bodies met sequentially before the council convened and each adopted its budget resolution unanimously with one member absent.
What happens next: The council will return later this year to assign CIP project-specific allocations and the Attorney's Office will continue coordinating with the State Tax Commission on outstanding tax-advice issues tied to the library funding approach.
