Why is funding needed for our streets?
Due to years of frugal budgeting and competing revenue needs, Salt Lake City has not spent what is necessary to preserve and rebuild city-owned streets. Utah’s winter climate and its freeze-thaw cycle also accelerate the deterioration of street conditions and over the past several years, this cycle has been more noticeable and streets are showing their wear.
A 2017 pavement condition survey revealed that nearly two-thirds of Salt Lake City streets are in poor or worse condition. A large number of these streets are in such poor condition that they need to be completely rebuilt.
A recent sales tax increase will help boost funding for ongoing street maintenance (resurfacing, pothole repair etc.), but funding is still needed for the City’s critical streets reconstruction projects which require larger sums of money upfront to complete.
To fund these reconstruction projects, City leaders have placed an $87 million General Obligation (GO) Bond on November’s ballot for voters to consider. If passed, bond funding can only be used for street reconstruction projects – focusing on the City’s worst streets and considering both major and arterial streets and neighborhood streets to ensure that all areas of the City receive bond funding.
If voters approve, the $87 million bond would more than likely be issued in several smaller bonds to allow the Engineering Division to properly plan for projects that can be accomplished in the required three-year period and to minimize the financial impact on residents.
The Bond’s Financial Impact
The Streets Reconstruction Bond could result in an estimated property tax increase of $5 or less for the first year for an average primary residence valued at $339,500. However, because the City is paying off some existing bonds in 2019, it is estimated that the $5 increase would be reduced – with an average primary residence paying an estimated net $0 per year in the following years.
Get information about vote centers and mail-in-ballotsLearn More
Find out how streets reconstruction projects would be selectedLearn More
Learn more about the current condition of Salt Lake City streetsLearn More
Answers to your most common questionsLearn More