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City staff says holding FY26 property tax rate would yield roughly $600,000 in additional revenue; net available after reserve set‑aside about $528,000
Summary
Administrative Services reported the county-certified FY2025–26 property tax rate and said holding the rate would generate a little more than $600,000 (about a 3.9% increase in tax revenue compared with the current levy). Under city policy to reserve 12% of additional revenue, staff estimated net funds available for spending at roughly $528,000.
SANDY, Utah — Brian Kelly in Administrative Services told the Sandy City Council on June 10 that the county certified the FY2025–26 property tax rate and that, if the city held its current rate (“froze” the rate at the current fiscal year level), the result would be additional revenue of a little more than $600,000.
Kelly said holding the rate compared with the FY25 levy would represent about a 3.9% increase in property tax revenue. The council’s policy is to set aside 12% of additional revenue into the fund balance; applying that policy to the roughly $600,000 estimate reduces the net available for spending to approximately $528,000.
Kelly said staff had included the 2% contract increase for council legal services in the tentative budget and would not return to the council for additional funds if the tentative budget is adopted.
No action was taken on the tax rate at the June 10 meeting; the budget public hearing and the formal tax‑rate setting remain part of the council’s remaining June schedule.
