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Council adopts FY26–27 budget, sets tax levy and approves CIP transfer
Summary
The council adopted the mayor's fiscal year 2026–27 budget ordinance, set the final tax levy with detailed fund allocations, and approved a $48,079,733 transfer into the Capital Improvement Program (CIP); all motions carried unanimously.
The Salt Lake City Council adopted an ordinance approving the city's fiscal year 2026–27 budget, including proposed property tax adjustments and contingent appropriations, during a joint meeting where several budget motions were called and approved. The motion to adopt the budget was moved and seconded, and the chair called the question; the motion carried unanimously.
Council later adopted an ordinance setting the final tax levy for FY26–27 and authorized the chair to sign documents for the state tax commission. The chair read specific levy allocations and projected revenues: a tax rate of 0.003482 on each dollar of taxable valuation was read and broken down into allocations credited to the general fund, judgment levy, library fund, bond repayment, and governmental immunity fund, with associated revenue figures announced by the mover during the motion. The council also approved a transfer of $48,079,733 into CIP, including $13,355,765 in funding as shown on the motion sheet; project-specific CIP allocations will be considered later this year.
