The city's financial team presented an overview of expected revenues and debt for the next two fiscal years. They anticipate growth in sales tax and road funds, but property tax is expected to stay flat. The city also has significant bonded debt for past projects and future needs like new police and fire stations.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 8 the 60 before.
The budget sets the spending levels for all city departments and determines the property tax revenue for the coming year.
All Herriman residents benefit from the continued operation of city services and planned community center improvements.
Local property owners will see an increase in their annual tax bills.
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The city is looking at a 2.4% property tax hike to cover rising fire service costs. This would cost the average homeowner about $11.62 more per year.