Salt Lake City Council approves historic $425M budget
The Salt Lake City Council approved a historic $425.5 million budget on Tuesday, boosting investments in affordable housing and salary increases for public employees.
Details: The finalized 2022–23 budget allots nearly $258 million towards personnel costs and about $20 million for affordable housing.
- The budget also includes a nearly 5% property tax increase for residents that is expected to generate $4.4 million in revenue for the city.
- That property tax increase is expected to amount to about an additional $130 per year for those who own a median-priced home worth around $520,000.
- About $104 million will go towards the Salt Lake City Police Department, about a 25% increase compared to last year's budget. The funding will largely go towards new hires to reduce response times and the creation of a new program called the Civilian Response Team to handle non-emergency calls.
What they're saying: "That's a wrap on next year's budget! Big thanks to @slccouncil for their hard work. I'm thrilled to see my vision for #SLC moving forward in FY22–23," Salt Lake City Mayor Erin Mendenhall tweeted late Tuesday.
What's next: The Salt Lake City Council will hold a Truth in Taxation hearing, required by law, Aug. 16 at 7pm.
Editor's note: This story was updated to show the Salt Lake City Council approved a $425.5 million budget (not $424 million).
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