Salt Lake City

City Council

801-535-7600 | council.comments@slcgov.com

“Funding Our Future” Sales Tax Increase & G.O. Bond

The Council recently adopted a supplemental sales and use tax, which will increase Salt Lake City’s portion of sales tax by 0.5 percent, equal to 5 cents on a $10 purchase. The tax excludes groceries and large purchases like vehicles.

Revenue could be used for City services and projects including but not limited to: streets maintenance, road reconstruction projects and other infrastructure needs, transit, neighborhood safety and affordable housing. The Council will deliberate how much revenue to allocate to each priority in conjunction with their annual budget discussions.

The new sales tax revenue is part of an effort to find a balanced mix of taxes and fees that can adequately fund services for a growing City, while not overburdening residents and taxpayers.

While Salt Lake City is considering all available financing options for major street and infrastructure rebuilds, City officials are contemplating placing a new General Obligation Bond on November’s ballot that is estimated to raise about $87 million for a package of road reconstruction projects. If voters approve, their property taxes will go up, but only slightly, about $5 a year for the average homeowner.

Based on a recently completed pavement condition survey,  nearly two-thirds of City streets are in poor or worse condition.  Bond funds would be directed toward improving the worst of those streets at a faster rate than the City would be able to otherwise.  This, in combination with the sales tax increase, would generate approximately $25 million new money per year to improve and maintain City roads.

The Council will hold it’s second public hearing on the proposed bond on Tuesday, July 31 at 7 p.m. in Room 315 of the City & County Building. The City Council will decide whether to put this bond on November’s ballot in early August.

Residents are encouraged to learn more about the proposed GO bond by visiting the “Funding Our Future website” and by attending an upcoming event near you.

Council Members will be meeting with residents at Coffee & Conversation events and the City will hold three open houses in. See details for these events below.

Coffee & Conversation, June 26


Conversation with Council Member Chris Wharton
Tuesday, June 26
8:30 to 10 a.m.
Publik Coffee Avenues
501 East 3rd Ave

Coffee & Conversation, June 27


Conversation with Council Member Andrew Johnston
Wednesday, June 27
5 to 6:30 p.m.
Mestizo Coffeehouse
631 West North Temple

Coffee & Conversation, July 10


Conversation with Council Member Erin Mendenhall
Tuesday, July 10
8 to 9:30 a.m.
Watchtower Café
1588 South State Street

Coffee & Conversation, July 11


Conversation with Council Member Charlie Luke
Wednesday, July 11
11 a.m. to 12:30 p.m.
Tulie Bakery
1510 South 1500 East

Coffee & Conversation, July 14


Conversation with Council Member Amy Fowler
Saturday, July 14
9 to 10:30 a.m.
Sugar House Coffee
2011 South 1100 East

Coffee & Conversation, July 16


Conversation with Council Member Kitchen
Monday, July 16
5 to 6 p.m.
Salt Lake Coffee Roasters
820 East 400 South

West Salt Lake Open House @ Partners in the Park, July 17


Tuesday, July 17
5 to 8 p.m.
Riverside Park
739 North 1400 West

East Salt Lake Open House @ Sugar House Farmer’s Market, July 18


Wednesday, July 18
5 to 8 p.m.
Fairmont Park
1040 Sugarmont Drive

Central Salt Lake Open House @ Food Truck Thursdays, July 19


Thursday, July 19
11 a.m. to 2 p.m.
Gallivan Center Plaza
239 South Main Street

Open House @ Main Library, July 19


Thursday, July 19
5 to 8 p.m.
Main Library’s Share Space
210 East 400 South
Tags: , , , ,

Share "“Funding Our Future” Sales Tax Increase & G.O. Bond" to your social network: