Salt Lake City Budget

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On Tuesday, May 21, the Council discussed the Community and Neighborhoods (CAN) Department budget, which includes Housing, Engineering, and Transportation, among others. The Council also discussed the Police Department budget and the Golf fund, and held the first of two public hearings on the budget, where about a dozen people spoke. The next Public Hearing will be on June 4. Keep scrolling to see more details, briefing videos, and paperwork below.


On Tuesday, May 14, the Council discussed the Economic Development Department, Metro Water, and Funding Our Future budgets.


On Tuesday, May 7, the Mayor presented her recommended budget to the Council. Over the next month, the Council will review each Department's budget in detail. Explore the budget here, or check below for the tentative briefing schedule (subject to change).

Briefing Schedule (SUBJECT TO CHANGE)

Bookmark this page and check back for the latest updates.


During May and June, meeting agendas are posted by the end of day Friday before each meeting. View the agendas, paperwork, or past meeting information at SLCCouncil.com.


7:00 p.m.

City Council Chambers (Room 315)

451 S State Street


7:00 p.m.

City Council Chambers (Room 315)

451 S State Street


7:00 p.m.

City Council Chambers (Room 315)

451 S State Street


May 21

Redevelopment Agency (RDA) Meeting

RDA Budget Overview


Work Session

Golf Fund

Community & Neighborhoods

Police Department


Formal Meeting

First Public Hearing


May 28

Work Session

Human Resources (written briefing)

Insurance and Risk Management Fund (written briefing)

Governmental Immunity Fund (written briefing)

Community & Neighborhoods follow-up briefing

Compensation

Public Services

Fire Department

911 Communications Bureau

Capital Improvement Program (CIP) Overview Sustainability Department & Refuse Fund

Justice Court

Information Management Services (IMS)

Non-Departmental Fund

Unresolved Issues (tentative)

June 4

Redevelopment Agency (RDA) Meeting

RDA Budget follow-up


Work Session

Attorney's Office

Fleet Fund

Legislative Intents and Interim Study items

Finance

Unresolved Issues


Formal Meeting

Second Public Hearing


April 23, May 7

Explore this budget in detail on the FY2019-20 Public Utilities Budget Story!




April 23

May 7

Read on for more details on how the City Budget works.

Glossary of Budget Terms

Annual Budget – The key document adopted by the City Council each June that details the upcoming fiscal year budgets for all City departments and funds.


Budget Amendment – A periodic adjustment to the annual budget to reflect changes in revenues, expenses, and projects.


Capital Improvement Program (CIP) – A multi-year plan of large project and equipment purchases that are typically over $50,000 each. The City Council reviews the plan each year and decides which items to fund. The CIP Fund pays for big projects like new park amenities, public building upgrades, and street reconstructions.


Contingent Appropriation – Funding approved by the Council but only available if certain conditions are met.


Encumber Funds – Setting aside money to pay for future obligations or expenses.


Enterprise Fund – A government program funded separate from a general fund and operated like a business (incoming revenues cover outgoing expenses). Examples of Salt Lake City enterprise funds are the golf program, street lighting, and airport.


Fiscal Year – the 12 month period used for budgeting, taxing, and accounting of government funds. Utah cities have a fiscal year running July 1 through June 30.


Fund Balance – Also known as a “rainy day fund,” this account represents the City’s savings account in case of an emergency or other urgent funding needs.


General Fund – The primary account a city uses to fund department operations and personnel expenses like salaries and benefits.

Judgment Levy – A special charge to taxpayers designed to compensate a local government for lost revenue. When property owners successfully appeal to the Utah State Tax Commission to have their property tax bills lowered, it can result in lost local government revenue. Judgement levies are used to make up that difference by slightly increasing taxes for all property taxpayers.


Legislative Intent – A formal notification to the Mayor’s Administration about specific actions the City Council plans to take in order to advance a stated policy.


Recapture Funds – Taking unspent money that has already been approved by the Council and re-purposing it for a different use.


Staffing Document – An official City document listing approved employee positions by department. It is adopted by the Council along with the annual budget each year.


Structural Deficit – An ongoing budget shortfall caused by a fundamental imbalance when spending is greater than revenues. Conversely, a structural surplus occurs when ongoing revenues exceed spending.


Tax Increment – the growth in property tax revenue caused by an increase in property values that a project area experiences.


Truth in Taxation – A process required by state law to notify property owners when property taxes increase. If taxes are raised in order to collect more money than the previous year – or when taxes are raised to make up for revenue fluctuations – government agencies must hold a public hearing where residents can weigh-in. Additional info is available at the City's Budget FAQ.


Vacancy Savings – Unspent funds resulting from an employee position going unfilled for part or all of a fiscal year.