January 2020 Funding Our Future Update

January 14, 2020 — With 2020 upon us, it’s time to look ahead at upcoming presentations and engagement around Funding Our Future projects.

First, the Salt Lake City Council will receive multiple updates on the implementation of Funding Our Future at its Work Session on Tuesday, January 14th. The Work Session begins at 4 p.m. with the Funding Our Future updates tentatively scheduled as items 7, 8, 9, and 10 regarding revenue, improved streets conditions, and improved transit. You can always track updates on the Funding Our Future Critical Needs Dashboard.

Second, there will be multiple presentations to Salt Lake Community Councils in the next few weeks about the Frequent Transit Network (FTN). There will also be a Virtual Workshop, a Facebook Live Q&A, about the FTN on January 22nd at 10 am. You can still provide feedback about the FTN as well by taking the survey here!

Also the Funding Our Future website has recently been updated! Check out the new blog, and soon there will be a map showing all of the GO bond street reconstruction projects.

Finally, check out this video for a recap of Salt Lake City’s 2019 accomplishments, highlighting multiple Funding Our Future projects. Stay tuned for more upcoming updates, happy new year!

Funding Our Future 2019 Year in Review

December 18, 2019 — As 2019 comes to a close, it’s a good time to reflect on all the progress and updates that have happened with Funding Our Future projects during this past year in the critical need areas of improved street conditions, greater housing opportunities, better transit service, and increased neighborhood safety. Also, check out this video for a recap of Salt Lake City’s 2019 accomplishments, highlighting multiple Funding Our Future projects!

Streets Reconstruction
Thanks to Salt Lake City voters approving the GO bond in November of 2018, work has already begun to reconstruct several major and local streets. Earlier this spring, the Salt Lake City Engineering Division published a pavement plan detailing all proposed streets projects over the next 6 years. The outreach and design for many projects has started, including for the largest Funding Our Future bond reconstruction project, 300 West. One of the goals for this project is to promote accessibility and active transportation, like walking and bicycling. In October 2019, Salt Lake City sold the first $20-million installment of the $87-million general obligation bond with the highest possible “AAA” rating.

Streets Maintenance
New sales tax revenue in the street maintenance budget is being used for additional staff and equipment to double the number of lane miles maintained (filling potholes, resurfacing roads, etc.) from 70 lane miles previously to now more than 130 lane miles total each year—extending the life of the City’s best roads. Check out the awesome time lapse video on the Street Conditions Dashboard to see how this maintenance is done!

As one of the top concerns for both Salt Lake City residents and staff, sales tax revenue is supporting the critical need of housing opportunities. For instance, the RDA’s Housing Development Trust Fund currently has $2.59 million from Funding Our Future to provide low-cost financial assistance for the development or preservation of affordable housing in Salt Lake City. Qualifying projects will be considered, and funds will be dispersed, on a first-come-first-serve basis. Additionally, on November 19th, SLC staff along with many community partners broke ground on the rehabilitation of Lincoln Tower Apartments, a 95-unit affordable senior living community in Sugarhouse. Salt Lake City’s Housing Trust Fund (the previous name of the program), using FoF dollars, provided a $1.3 million-dollar low-interest loan to assist with the project. Under the terms of the loan, the units must remain affordable for individuals making less than 60% area median income for a period of 55 years. Additionally, this housing is located along one of the Frequent Transit Network (FTN) routes, Route 21. Read on to find out more about the FTN.

Because of sales tax revenue, especially exciting developments have been happening in the transit critical need area. In August 2019, Salt Lake City and UTA launched the first phase of the Frequent Transit Network. After gaining significant community input, three east-west routes were enhanced to provide more transit, for more people, with more convenience and reliability.

Routes 2 (200 S), 9 (900 S), and 21 (2100 S) now provide:

  • 15-minute or better frequency
  • Seven-day-a-week service
  • Sunday, early morning, and late night service
  • Direct east-west connections
  • Quick, easy connections to all UTA services

Already, transit ridership has increased significantly for weekday and Saturday service. Plus more routes will continue to be added. Take the Frequent Transit Network Survey to help us to continue to improve transit in the community and brand the FTN!

Sales tax revenue for this critical need is being used to train and hire new police officers and support staff, as well as fund all necessary equipment, to serve 23 neighborhood beats. These new neighborhood beats will provide the community policing model that residents requested. The Salt Lake City Police Department has hired 27 new officers and is in the hiring process for 23 additional officers. The new class of officers will start their training in January 2020.

By creating more affordable housing options, providing safer neighborhoods and connecting residents and businesses to better transit and complete streets, we can ensure that our Capital City remains a prosperous, livable place for all. To find out more information on Funding Our Future updates, visit the Critical Needs Dashboard. You can also submit a comment or question here.

Stay tuned for more updates and engagement coming in 2020, happy holidays!

Funding Our Future Bond Update

October 14, 2019 — Last Tuesday October 8th, Salt Lake City sold the first $20-million installment of the $87-million general obligation (GO) bond, approved by voters for the reconstruction of the City’s streets. Through the course of 2019 and 2020, the City is using $5.35-million of the new sales tax revenue approved by City Council to purchase equipment and fund a new street maintenance crew. This more than doubles the number of lane miles the City maintains annually. In May, in preparation for the new bond revenue, the City’s Engineering Division released a 6-year street reconstruction plan, which includes projects on both major roadways and smaller neighborhood streets. The City is slated to begin projects on the major streets of 500 East, 2000 East, and 700 West in 2020.

By 2021 and 2022, the City will be reconstructing 300 West from 500 South to 2100 South. To help build the best possible project, take the survey for the 300 West reconstruction now. Tomorrow, Tuesday the 15th, the 300 West project will be discussed at the Salt Lake City Council meeting. This will be a preview of more Funding Our Future quarterly updates to follow at the upcoming City Council briefings on November 19th and December 3rd, so stay tuned.

Learn more about the bond and the streets reconstruction plan here.

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