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Cottonwood Heights officials warn reserves are low as property‑tax debates loom
Summary
Finance staff told visiting legislators the city has drawn down reserves over seven years, has not raised property taxes since 2018, and that proposed statewide shifts in residential exemptions could force cities with limited commercial tax base to find local revenue alternatives.
Cottonwood Heights finance staff told state lawmakers the city’s fiscal position has tightened after several years of reserve drawdown and that proposed property‑tax changes at the state level could produce fiscal stress for municipalities with small commercial footprints.
The city’s finance presenter said the municipality has not raised property taxes since 2018 and has used reserves to cover…
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