Salt Lake City Budget

Utah has missed out on approximately $100 million in property tax revenue over the past eight years because of an error in how property taxes are calculated. Now as the state moves to fix the problem, taxpayers will likely be asked to pay more.

The office of the state auditor released a study on Monday that details how local governments across the state have been miscalculating new commercial and residential growth, thus driving down the certified tax rate. David Stringfellow is Chief Economist for the state auditor’s office.

Salt Lake City’s summer fireworks shows will resume this year, a fire station on the city’s west side is saved from the chopping block and city employees can expect a pay raise. Those are some of the key items the Salt Lake City Council approved in the 2014-2015 budget.

The council’s final budget held fairly close to Salt Lake City Mayor Ralph Becker’s proposal. With the help of last year’s property tax increase, city employees will get a 3 percent pay increase and a chunk of the city’s maintenance backlog will be addressed.

Lotus Head via Wikimedia Commons

Salt Lake City is grappling with how to keep its golf program economically sustainable without injecting taxpayer dollars. Options include closing down one of the city’s eight public courses. City officials say golf is less popular than it used to be, which is making it difficult for the program to continue paying for itself.

Salt Lake City Mayor Ralph Becker unveiled his $229 million budget Tuesday for the next fiscal year. It includes a 3 percent pay raise for city employees and funding for air quality initiatives. But it also proposes some cuts the city council may resist.