Video: Salt Lake City OKs 12.5% tax increase with $498.2M budget. Is another increase coming?
Jun 17, 2026, 11:34 AM | Updated: 1:45 pm
Utah’s capital city plans to move forward with a proposed property tax increase as it handles financial challenges that many others face across the state and country.
However, city leaders worry that another increase or other difficult financial decisions could be coming, with more hurdles expected this time next year.
Members of the Salt Lake City Council voted Tuesday to approve Salt Lake City’s 2027 fiscal year budget, finalizing an approximately $2.1 billion budget, when including all its entities, including Salt Lake City International Airport and the Salt Lake City School District.
The tax increase would go toward the nearly $498.2 million set aside for the general fund budget, which pays for most municipal services, like public safety, parks and roads. It comes from the 28.4% of a city resident’s property tax that the city collects, which translates to about a $9.87-per-month increase for a home valued at $624,000.
Read: https://www.ksl.com/article/51512296/salt-lake-city-oks-125-tax-increase-with-4982m-budget-is-another-increase-coming
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