window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-116009446-1'); Funding Our Future Bond Update – Funding Our Future SLC

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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