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Canyons board adopts final budget, sets Aug. 6 Truth in Taxation hearing after tax-rate discussion
Summary
The board adopted the final 2023–24 budget and tentatively adopted the 2024–25 budget; staff proposed raising voted levies to generate about $5 million (operations) and $4 million (capital) above the certified rate and estimated the average homeowner could see roughly a $94 annual increase. A Truth in Taxation hearing was scheduled for Aug. 6 at 6 p.m.
The Canyons School District board voted Tuesday to adopt its final budget for the 2023–24 fiscal year, to approve a tentative budget for 2024–25 and to set a Truth in Taxation hearing for Aug. 6 at 6 p.m. to consider property tax rates.
Leon Wilcox, presenting the district finances, summarized revenue increases (higher property valuations, higher interest and unspent carryovers) and higher projected expenses mainly tied to personnel and insurance claims. He said the district expects to…
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