Holladay's May 2026 budget work meeting lists $50.4 million in fiscal 2026-27 spending

Minutes of the Holladay City Council's May 14, 2026 work meeting on the fiscal 2026-27 budget record projected expenditures of $50,400,000. They list overall revenue as $35 million and say about $15 million is planned to be spent through the Local Building Authority. ^[1]

What the minutes record

Property tax is 24% of revenue and sales tax is 21%, with a budgeted sales tax increase of 3.62%. ^[1]

General Fund unassigned fund balance is $8,141,000. Capital Projects Fund balance is $7.8 million in 2026, with $879,000 budgeted for use in 2027. The redevelopment agency has $1.5 million of budgeted fund balance use in 2026. ^[1]

The minutes record a 2.7% cost-of-living adjustment, a $585,000 personnel increase and a transfer to the authority for 2025 bond debt service of $492,000. ^[1]