Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Library Budget topic
No spam. Unsubscribe anytime.
Council adopts ordinance amending Salt Lake City Library FY25 budget to match property tax receipts
Summary
The council adopted an ordinance amending the Salt Lake City Library’s FY25 final budget to reconcile estimated and actual property tax increment receipts; staff said these adjustments are legally required pass-throughs to several entities.
The Salt Lake City Council adopted an ordinance amending the fiscal year 2025 final budget for the Salt Lake City Library to align the library’s estimates of property tax increment with amounts actually received.
Council policy analyst Austin Kimmel explained that each year the library estimates property tax increment; a budget amendment adjusts that estimate to actual revenue. Kimmel said these adjustments are legally required pass-throughs that ultimately flow to entities such as the Utah Inland Port Authority, the Convention Center Hotel and the Community Reinvestment Agency of Salt Lake City.
No public commenters were registered on item G5. Councilmember Dugan moved adoption of the ordinance; the motion was seconded and passed unanimously.
The ordinance updates the library’s final FY25 numbers to reflect actual tax increment collections and adjusts the employment staffing document as proposed.
