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Herriman outlines $20 million bond to fund roads and capital projects; officials say residents' taxes won't increase
Summary
Herriman City leaders described plans to issue a $20 million bond to pay for road upgrades, maintenance and other capital work, including a phase of 6400 West, and explained the bond is structured against future revenue rather than as a tax increase.
Herriman City leaders said the council plans to issue a bond of about $20,000,000 to cover capital obligations including road upgrades and maintenance, and emphasized that the city does not expect the bond to raise residents' taxes.
Council Member Teddy Hodges (District 2) said the city is "bonding for future revenue" and stated plainly: "No. It's not gonna increase taxes." Hodges said the bond is intended to fill shortfalls that emerged after the city adjusted fee structures and impact fees and to allow…
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