Fair warning, Salt Lakers. Your property taxes and utilities could be going up this July.
Why it matters: As the cost of virtually everything rises, residents could feel further strain on their wallets.
The big picture: The proposed increases, part of Mayor Erin Mendenhall’s budget plan, come as inflation drives up the cost of providing basic services.
- Aging infrastructure needs to be repaired, like the city’s three drinking water and sewage treatment plants, which are more than 70 years old.
By the numbers: Mendenhall’s proposed 12.5% property tax hike translates to an additional $10 per month for a home valued at $624,000.
- The increase would generate $13.5 million for the city.
And that’s not the only hike Mendenhall is pitching. Monthly utility rates would also go up about $32:
- Sewer (average indoor use): +$11
- Street lighting: +$2.60
- Stormwater: +$1.75
- Water (low use): +$14.37
- Garbage collection (64-gallon can): +$2.77
Zoom in: The $13.5 million would go toward hiring more firefighters, maintaining public lands, capital improvement projects and more…