To provide the accountability in spending that residents demand, new revenue from the sales tax increase has been placed in a separate and trackable budget–setting an accountability precedent for future administrations. Using the Funding Our Future Dashboard, residents are able to track how this new revenue is being spent; how projects and programs are being implemented, and progress towards goals. Street reconstruction projects and expenditures will also be tracked on the Dashboard since the voter-approved streets reconstruction bond is part of Funding Our Future.
With the original goals of creating more affordable housing options, providing safer neighborhoods, and connecting residents and businesses to better transit and improved streets, we can work to make our Capital City more equitable, environmentally sustainable, and grow economic opportunities for everyone.
To view the FY 2019-2020 Budget, use this link.
To view the FY 2018-2019 Budget, use this link.
Funding Our Future Staff Report Fall 2020
Funding Our Future Update Spring 2021
Updated April 2021
On August 1, 2018, the 0.5 percent sales tax increase went into effect. Salt Lake City began receiving this new revenue beginning in October 2018 with the first funds being dispersed for the projects and expenditures outlined on this dashboard beginning in early 2019. Because 2019 was a shortened collection period—generating about $25 million of the $34 million expected to be collected during a full year—the start date for allocating funding varied for different program areas. The adopted FY 2020-2021 budget includes about $28 million for Funding Our Future projects.
On November 6, 2018, Salt Lake City voters approved the $87 million Streets Reconstruction Bond. This new dedicated funding is allowing the City to begin addressing our most deteriorating streets and, when paired with new sales tax revenue for streets maintenance, is enabling 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 projects as they progress.
Here are the next steps for the Streets Reconstruction Bond:
View the current map of bond streets reconstruction projects.
Bond Projects July 2020 Update
Updated April 2021
Improved Street Conditions
Greater Housing Opportunities
Better Transit Service
Increased Neighborhood Safety
Additional Budget Items
in FY 2020-2021
Funding Goal: Increase the number of street lane miles that the City maintains each year. (Capital Improvement Program, or CIP, is noted separately on the dashboard, though it also funds street projects).
in FY 2020-2021
Funding Goal: Establish programs to increase access to affordable housing.
in FY 2020-2021
Funding Goal: Increase transit service and improve transit amenities.
in FY 2020-2021
Funding Goal: Implement community policing model with already hired officers and civilian staff who provide support in records, crime lab, data analysis, etc.
in FY 2020-2021
For City Capital Improvement Program (CIP) Projects.
Total: About $28.4 million in revenue from the 0.5 percent increase to the City's portion of sales tax (approved in 2018).
