Cottonwood Heights adopts final FY 2025–26 budget, sets tax rates

Cottonwood Heights city officials on June 17 adopted Ordinance 443, approving the final budget for fiscal year 2025–26 and recording updated certified tax-rate figures and new-growth revenue.

City staff member Scott told the council the final budget largely mirrors the tentative budget discussed two weeks earlier but was updated to incorporate the certified tax rate and certified new-growth figures from the county auditor. Scott said the general operations tax rate will be 0.0013 and that debt service associated with a general obligation bond carries a rate of 0.000209. He also noted recent annexations (the Tabachi area and properties along Creek Road) were not included in the new-growth calculation and are expected to increase revenue beyond the figures presented.

Council member Matt Holton moved to approve Ordinance 443; Council member Sean Newell seconded. By roll call the motion passed with council members Holton, Hyland, Newell and Burrell voting yes and Mayor Mike Quickers recording a yes vote as well.

During discussion, councilors asked staff to confirm timing for tax-rate applicability related to annexed parcels (Scott clarified which areas would be subject to the 0.0013 rate and noted Creek Road West’s effective date). No amendments to the budget were made on the floor; the ordinance was adopted as presented.

The ordinance establishes the city’s revenue and expenditure plan for the fiscal year beginning July 1, 2025. The council did not specify subsequent budget amendments or contingency allocations during the meeting; staff indicated additional revenues from recent annexations will be incorporated as appropriate.