Days
Hours
Minutes
Seconds

New Years Eve in Las Vegas with 8 News NOW

SLC is short $1 million

Top Stories
dollar bills, money_2016149890887447-159532

Remarkable Women 876×150

Remarkle Women Contest

SALT LAKE CITY, Utah -(ABC4)-Salt Lake City underestimates tax revenue by $1 million dollars, according to Salt Lake City Council members. They assumed the state would receive $2.6 million in new growth in tax revenue, but the city only received $1.53 million.

Blank attributes the shortage to a change revised property tax rules by the state of Utah.

“This is disappointing news and will make our decisions about how best to balance the City’s needs with available revenues much more difficult,” said Council Chair Stan Penfold. “The Mayor’s recommended budget is very constrained in the first place, so this added limitation coming at the last minute makes it even harder to meet the expectations residents have for services in Salt Lake City.”

The proposed budget in for 2017-18 year for Salt Lake City is $273 million. Property taxes make up a third of the General Fund. That money typically goes toward city services, including public safety, street maintenance, parks, planning and zoning, housing and neighborhood development, city attorney, and Mayor’s and City Council offices.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News Videos

State representative says school start times should be pushed back

Thumbnail for the video titled "State representative says school start times should be pushed back"

IUP Panel on tax reform, the ACA and Washington politics

Thumbnail for the video titled "IUP Panel on tax reform, the ACA and Washington politics"

Stamford teenagers save man trapped inside a burning vehicle

Thumbnail for the video titled "Stamford teenagers save man trapped inside a burning vehicle"

Polk Co. Christmas display inspires nonverbal girl with autism to speak

Thumbnail for the video titled "Polk Co. Christmas display inspires nonverbal girl with autism to speak"

Calling all cat lovers: become a foster parent

Thumbnail for the video titled "Calling all cat lovers: become a foster parent"

Weight of the Call: Price Pilot Program

Thumbnail for the video titled "Weight of the Call: Price Pilot Program"
More Video News
Remarkle Women Contest

Don't Miss