In 2018, the City identified street conditions, affordable housing, public transit, and neighborhood safety as important priorities needing ongoing funding. To fund these needs, the Council placed a Streets Reconstruction bond on the 2018 ballot, which City voters approved, and increased the sales tax by 0.5%. This budget year (July 1, 2019 – June 30, 2020) marks the first full year of sales tax revenue. In this budget, the Council approved all the Mayor’s recommendations for the Funding Our Future sales tax revenue, with a few changes:
- $289,369 in savings from one-time delays in new Police Officer availability moved to streets-related projects
- Moved $2.59 million in affordable housing development loan funds from the Housing and Neighborhood Development (HAND) Division to the Redevelopment Agency (RDA) to streamline and make the loan application process simpler. The Council wants this trial move to keep the development of affordable housing in the RDA’s area of expertise and allow HAND to focus on housing assistance programs.
- Approved $1.9 million for housing assistance programs. $125,000 for the Road Home’s House 20 program was made immediately available to keep participants housed. The rest will be released as soon as the Administration provides more information about each program’s goals and how the City will use the money.
Visit FundingOurFutureSLC.com to learn more and sign up for updates.Tags: Funding Our Future, Public Safety, Streets, Transit