Salt Lake City’s population is growing and is expected to keep growing. Our economy is strong, and the number of people commuting into the City every day to work, learn, be entertained and seek out services is increasing.
However that growth brings challenges. The City’s bright future could be dimmed without investing more in our critical public services.
Through years of thoughtful study, planning and public involvement, Salt Lake City identified unfunded one-time and ongoing needs in the areas of street maintenance, affordable housing, transit and public safety.
To address those critical needs, the City developed a two part funding strategy.
The City Council approved a 0.5 percent increase to the City’s portion of sales tax in May 2018. This increase will generate about $33 million a year in ongoing funding and is the first part of a funding strategy to address the City’s critical needs.
On November 6, 2018, Salt Lake City voters approved the $87 million Streets Reconstruction Bond. This new dedicated funding will allow the City to begin addressing our most deteriorating streets and, when paired with new sales tax revenue for streets maintenance, will enable us to prolong the life of our entire street network.
As part of the Funding Our Future initiative, City leaders have committed to ensuring accountability in spending and will continue to provide residents with updates on streets reconstruction and maintenance projects as they progress.